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Sunland Ltd. began the fiscal year with inventory of $2,462,400. The company's ending inventory was $2,641,600, and cost of goods sold for the year was
Sunland Ltd. began the fiscal year with inventory of $2,462,400. The company's ending inventory was $2,641,600, and cost of goods sold for the year was $12,581,360. Net sales for the year were $89,031,430. Calculate Sunland's inventory turnover and average days to sell inventory. (Use 365 days for calculation. Round inventory turnover ratio to 2 decimal places, eg. 52.75 and average days to 1 decimal place, eg. 52.7.) times Inventory turnover Average days to sell inventory days
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