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Inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland Company are shown below. a. Determine
Inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland Company are shown below. a. Determine the inventory turnover for 20Y4 and 20Y. Round to one decimal place. b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place C. Does the change in inventory turnover and the days' sales in inventory from 20Y3 to 20 Y indicate a favorable or an unfavorable trend
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