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Inventory Analysis A company reports the following: Cost of merchandise sold Average merchandise inventory $563,925 75,190 Determine (a) the inventory turnover and (b) the number

image text in transcribed Inventory Analysis A company reports the following: Cost of merchandise sold Average merchandise inventory $563,925 75,190 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days

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