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typed only Use the following information: $2, 14, 45,09 35,9 Net sales Cost of goods sold Beginning inuentory Ending inuentory a. Calculate the inventory turnover
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Use the following information: $2, 14, 45,09 35,9 Net sales Cost of goods sold Beginning inuentory Ending inuentory a. Calculate the inventory turnover ratio. (Round your answer to i decimal place. times Inventory turnover ratio b. Calculate the average days in inventory. (Assume 305 clays In a year. Rouncl your Intermecllate calculations andl tinal amswer to 1 clecImal place. days Average days in inventory c. Calculate the gross profit ratio. (Rouncl your amawer to 2 clec Imal place. Gross profit ratioStep by Step Solution
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