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Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $178,000,000 $170,000,000 Cost of Goods Sold 17,000,000 17,900,000 Beginning
Shown below are data from the Northern Company's accounting records: Year 1 Year 2 Sales Revenue $178,000,000 $170,000,000 Cost of Goods Sold 17,000,000 17,900,000 Beginning Inventory 1,700,000 1,730,000 Ending Inventory 1,730,000 1,700,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal points. Year 1 Year 2 Inventory turnover Answer Answer Days' sales in inventory Answer Answer
Inventory Turnover and Days' Sales in Inventory Shown below are data from the Northern Company's accounting records: Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round your answer to two decimal pointsStep by Step Solution
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