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Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,328,600 $1,392,800 Beginning inventories 76,400 95,792

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Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,328,600 $1,392,800 Beginning inventories 76,400 95,792 Cost of goods sold 664,300 773,800 Ending Inventories 69,200 76,400 a. Determine for each year (1) the inventory turnover and (2) the number of days tales in Inventory, Round interim calculations to the nearest doltar and the final answers to one decimal place. Assume 365 days a year. Current Year Previous Year 1. Inventory turnover days days 2. Number of days' sales in inventory b. The inventory position of the business has Inventory has The inventory turnover has while the number of dar sale in

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