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TheJanuary 28, 2017 year endfinancial statements ofCannery, Inc.reported the following information (inthousands): 2016 2015 Cost of sales $4,517,397 $4,529,527 Inventories, net 385,764 546,745 What was
TheJanuary 28, 2017 year endfinancial statements ofCannery, Inc.reported the following information (inthousands):
2016 | 2015 | |
Cost of sales | $4,517,397 | $4,529,527 |
Inventories, net | 385,764 | 546,745 |
What was the 2016averagedaysinventoryoutstanding?
How did you compute this figure?
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