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Kimmel, Accounting, 6e Help I NEXT Exercise 6-12 The following information is available for Marin Inc. for three recent fiscal years. 2017 20162015 $546,328 $571,700
Kimmel, Accounting, 6e Help I NEXT Exercise 6-12 The following information is available for Marin Inc. for three recent fiscal years. 2017 20162015 $546,328 $571,700 $326,238 1,934,372 1,695,980 1,327,594 Net sales Cost of goods sold 1,554,675 1,312,366 964,008 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.29%.) ts by 2017 2016 times Inventory Turnover Days in Inventory Gross Profit Rate times days LINK TO TEXT 11/11/2018
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