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Question 23 The following data are available for Martin Solutions, Inc.. Sales beginning inventory Cost of goods sold Ending inventory Year 2 $1,139,600 80 000

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Question 23 The following data are available for Martin Solutions, Inc.. Sales beginning inventory Cost of goods sold Ending inventory Year 2 $1,139,600 80 000 500,800 72,000 Year 1 $1,192,320 64.000 606,000 80,000 Determine for each year: (a) Inventory turnover: Year 2 (current) Year 1 (previous) (b) Number of days' sales in inventory. Round your answers to one Year 2 (Current) Year 1 (previous) (c) What conclusions can be drawn from these data concerning the inventories

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