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What did I do wrong ? Inventory Turnover and Days Sales in Inventory The Western Company installed a new inventory management system at the beginning
What did I do wrong ?
Inventory Turnover and Days Sales in Inventory The Western Company installed a new inventory management system at the beginning of 2018. Shown below are data from the company's accounting records as reported out by the new system: 2018 2019 Sales Revenue $11,000,000 $14,000,000 Cost of Goods Sold 5.000.000 6.000.000 Beginning inventory 620,000 630,000 Ending inventory 630,000 750,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019, Round your answer to two decimal points, when needed. 2018 2019 Inventory turnover 435 X Days' sales in inventory 91.25 x Check Step by Step Solution
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