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QUESTION 21 The following data were taken from Castle, Inc. Cost of goods sold $894,000 Inventory, end of year 78,000 Inventory, beginning of the year

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QUESTION 21 The following data were taken from Castle, Inc. Cost of goods sold $894,000 Inventory, end of year 78,000 Inventory, beginning of the year 92,000 What is (1) the inventory turnover ratio and (2) the number of days' sales in inventory for Castle Inc. (1) 11.46 times . (2) 31.85 days (1) 10.53 times (2) 34.56 days (1) 9.72 times (2) 37.56 days (1) 10.52 times d.(2) 34.70 days

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