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Reynold's Company had sales of $2,500,000, cost of goods sold of $1,150,000, and profit of $500,000 in 2021. The company had a January 1, 2021,
Reynold's Company had sales of $2,500,000, cost of goods sold of $1,150,000, and profit of $500,000 in 2021. The company had a January 1, 2021, inventory balance of $132,000 and a December 31, 2021, inventory balance of $143,000. 2020 2021 Inventory turnover 9.1 times 8.4 times Days sales in inventory 40.1 days 43.5 days Has the company's inventory management improved or deteriorated in 2021? The company's inventory management has V in 2021. eTextbook and Media -/1 D P anment3 Week Week9 Star... Gurneetsin... Week11 Volkswagen... diljeetsingh... Form1.Desi... FAH-7299 (1)gurneets... guiform Copy of Ea Sports Crick... Communica... Ch12 homedesign Tamana GurneetSing... Resume 1
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