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PA 7 - 3 ( Algo ) Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [ LO 7 . 5 ] SoundsLike
PAAlgo Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell LO
SoundsLike Company was founded with the mission of filling every home with music. The company reported the following amounts in
its financial statements in millions:
Required:
Determine the inventory turnover ratio and average days to sell inventory for and Use doys in o yeor. Round your
intermediate and finel answers to decimal place.
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