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Use the following information to complete the calculations below. Cost of goods sold $195,640 Inventory: Beginning 20,500 Ending 18,628 a. Compute inventory turnover. b. Compute
Use the following information to complete the calculations below. Cost of goods sold $195,640 Inventory: Beginning 20,500 Ending 18,628 a. Compute inventory turnover. b. Compute average daily cost of goods sold using a 365 day year. $ c. Compute number of days' sales in inventory. Round your answer to one decimal place. days
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