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The following data were extracted from the income statement of Brecca Systems Inc: : a. (1). Determine for each year the inventory turnover. Round answers
The following data were extracted from the income statement of Brecca Systems Inc: : a. (1). Determine for each year the inventory turnover. Round answers to one decimal place. (2). Determine for each year the days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusions can be drawn from these data concerning the inventories
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