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Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: Year 1 Year 2 Cost

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Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: Year 1 Year 2 Cost of goods sold Beginning inventory Ending inventory $4,000,000 $4,600,000 900,000 860,000 860,000 640,000 Calculate the company's inventory turnover and days' sales in inventory for both years. (Round both answers to decimals. Use the rounded answers in your calculat Year 1 Year 2 4.55 6.13 Inventory turnover Days' sales in inventory 80.3 x 59.5 Check

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