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Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of Year 1. Shown below are
Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of Year 1. Shown below are data from the company's accounting records as reported by the new system: Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round to two decimals. Use the rounded answers in your calculations
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