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W. Glass & Company reported the following information in its recent annual report: Year 1 Year 2 Cost of goods sold $8,000,000 $9,200,000 Beginning inventory

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W. Glass & Company reported the following information in its recent annual report: Year 1 Year 2 Cost of goods sold $8,000,000 $9,200,000 Beginning inventory 1,350,000 1,290,000 Ending inventory 1,290,000 960,000 Calculate the company's inventory turnover and days' sales in inventory for both years. (Round both answers to two decimals. Use the rounded answers in your calculations.) Year 1 Inventory turnover 1.52 X 0 X Days' sales in inventory 240.1 x OX Year 2

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