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Perez Corporation has the following financial data for the years 20X1 and 20x2: Sales Cost of goods sold Inventory 2ex1 $ 3,784,00 3,074,500 473,000 2ex2

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Perez Corporation has the following financial data for the years 20X1 and 20x2: Sales Cost of goods sold Inventory 2ex1 $ 3,784,00 3,074,500 473,000 2ex2 $ 4,304,000 3,766, ege 538,600 a. Compute the inventory turnover for each year using the formula Sales/Inventory (Round your answers to 2 decimal places.) 20x1 20x2 Inventory Turnover Ratio times times b. Compute Inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/inventory, for each year (Round your answers to 2 decimal places.) Inventory Turnover Ratio times Limes 20X1 20X2

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