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Inventory Analysis The following data were extracted from the Income statement of Keever Inc Current Year Previous Year Sales $1,284,800 51,340,300 Beginning inventories 93,908 97,060

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Inventory Analysis The following data were extracted from the Income statement of Keever Inc Current Year Previous Year Sales $1,284,800 51,340,300 Beginning inventories 93,908 97,060 Cost of goods sold $42.400 744,600 Ending inventories 93.908 . Determine for each year (1) the inventory turnover and (2) the number of days in inventory Round interim calculations to the nearest dollar and then answers to one decimal place. Assume 365 days a year Current Year Previous Year 1. Inventory turnover 2. Number of days sales in inventory days day b. The inventory position of the business has The inventory turnover has while the number of days in Inventory has 14,905

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