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The following data are taken from the financial statements of XYZ company: Determine for year 2015 (l) the inventory turnover CGs/Average Inventory The number of

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The following data are taken from the financial statements of XYZ company: Determine for year 2015 (l) the inventory turnover CGs/Average Inventory The number of days' sales in inventory, (Average Inventory/Daily CGs (CGs/365) The industry average is 45 days in inventory. Is XYZ's ratio favorable or unfavorable? Is it more favorable to have more or less days on inventory? More Less

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