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Question 11 of 11

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The following information was reported for Sandhill Industries:

		2019		2020		2021
Ending Inventory		$161,000		$194,000		$249,000
Cost of Goods sold		$531,325		$559,125		$739,810

Calculate the inventory turnover and average days for both 2020 and 2021. (Round Inventory turnover to 2 decimal places, e.g. 15.75 and Average days to 1 decimal place, e.g. 15.1. Use 365 days for calculation.)

		2020			2021
Inventory turnover			times			times
Average days			days			days

Comment on the companys liquidity.

Sandhill has improvedworsened its liquidity.