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Inventory Analysis The following data were extracted from the income statement of Shriver Inc.: a. Determine for each year (1) the inventory turnover and (2)

image text in transcribed Inventory Analysis The following data were extracted from the income statement of Shriver Inc.: a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. b. The inventory turnover has , while the number of days' sales in inventory has . The sales volume has faster than the inventory, resulting in a inventory position

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