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Problem 12-16 (Part Level Submission) The following information (in $ millions) was taken from the recent annual reports of two companies. Cost of goods sold
Problem 12-16 (Part Level Submission) The following information (in $ millions) was taken from the recent annual reports of two companies. Cost of goods sold Average inventory Company A Company B $24,140 $5,358 $28,821 $2,617 (a1) Your answer is correct. Calculate each company's inventory turnover. (Round answers to 1 decimal place, e.g. 2.5.) Company A Company B 11.01 4.51 Inventory turnover times times Click if you would like to Show Work for this question: Open Show Work
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