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Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. Sales revenue is $1,972,800, cost
Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. Sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. On average, the number of days to sell inventory is approximately: Multiple Choice 203 days. O 44 days. O 61 days 26 days. Which of the following could indicate bad news? 00 8 Multiple Choice An Increase in fixed asset turnover ratlo. A decrease in days to sell. A decrease in EPS. A decrease in the debt-to-assets ratio
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