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The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,387,000 $1,445,400 Beginning inventories 63,420 97,760 Cost of

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The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,387,000 $1,445,400 Beginning inventories 63,420 97,760 Cost of goods sold 693,500 803,000 Ending inventories 57,420 63,420 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory days days days

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