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Using the following ,calculate inventory turnover ratio ,the average days in inventory ,and the gross profit for the Howard co. for the year ending Dec
Using the following ,calculate inventory turnover ratio ,the average days in inventory ,and the gross profit for the Howard co. for the year ending Dec 31,2011 (round to two decimal points). Sales $225,000 Cost of Goods Sold $ 175,000 ending inv. dec 31,2011 $15,275 ending inv. dec 31,2010 $ 18,750 Net income $36,000
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