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The following data are taken from the financial statements: a. Determine for each year (1) the inventory turnover and (2) the number of days' sales
The following data are taken from the financial statements: a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round inventory turnover answers to one decimal place and number of days' sales in inventory, (including intermediate calculations) to two decimal places. 1. Inventory turnover 2. Number of days' sales in inventory b. Comment on the favorable and unfavorable trends revealed by the data. The input in the box below will not be graded, but may be reviewed and considered by your instructor
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