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SCC Company reported the following for the current year: Net sales $ 4 9 , 0 0 0 Cost of goods sold 4 1 ,
SCC Company reported the following for the current year:
Net sales $
Cost of goods sold
Beginning balance in inventory
Ending balance in inventory
Compute a inventory turnover and b days sales in inventory. Hint: Inventory turnover uses average inventory and days sales in inventory uses the ending balance in inventory.
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