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The following data were taken from Castle, Inc. $894,000 Cost of merchandise sold Inventory, end of year Inventory, beginning of the year 78,000 92,000 Determine
The following data were taken from Castle, Inc. $894,000 Cost of merchandise sold Inventory, end of year Inventory, beginning of the year 78,000 92,000 Determine the inventory turnover ratio and the days' sales in inventory for Castle Inc. Round to two decimal places. Use a 365-day year. Inventory turnover Days' Sales in Inventory days
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