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The following financial statement data for years ending December 31 for Gillispie Company are shown below. Determine the inventory turnover for 2014 and 2013. Round
The following financial statement data for years ending December 31 for Gillispie Company are shown below. Determine the inventory turnover for 2014 and 2013. Round to one decimal place. Determine the number of days' sales in inventory for 2014 and 2013. Assume 365 days a year. Round interim calculations and final answers to one decimal place
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