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Mc 7 etloos Print SCC Co. reported the following for the current year Net sales Cost of goods sold Beginning balance in inventory Ending
Mc 7 etloos Print SCC Co. reported the following for the current year Net sales Cost of goods sold Beginning balance in inventory Ending balance in Inventory $52,000 $45,900 $2,400 $1,400 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average inventory, and days sales in inventory uses the ending balance in inventory Complete this question by entering your answers in the tabs below. Inventory Days Sales In Turnover Inventory Compute the inventory turnover. Choose Numerator: Inventory Tumover Choose Denominator: Inventory Turnover. Inventory turnover times 1 Hwainy Tornaver Days Sales In Inventory > < Prev 7 of 20 Next 1240
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