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Shown below are data from the Northern Company's accounting records: Year 1 Year 2 $8,000,000 $11,000,000 4,000,000 510,000 550,000 Sales Revenue Cost of Goods Sold
Shown below are data from the Northern Company's accounting records: Year 1 Year 2 $8,000,000 $11,000,000 4,000,000 510,000 550,000 Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 4,800,000 540,000 600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal points.
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