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Inventory management Three companies that compete in the foods market are Campbell Soup, Hormel, and Tyson. The table below shows (in $ millions) inventory levels
Inventory management Three companies that compete in the foods market are Campbell Soup, Hormel, and Tyson. The table below shows (in \$ millions) inventory levels and cost of goods sold for each company for the 2020, 2019, and 2018 fiscal years. Calculate the inventory turnover ratio for each company in each year and summarize your findings. The inventory turnover ratio for Campbell Soup in 2020 is (Round to three decimal places.)
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