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Question: Calculating the Average Inventory, the Inventory Turnover Ratio, and the Inventory Turnover in Days Refer to the information for Nikkola Company on the previous page.
Required: 1. Calculate the average inventory.
2. Calculate the inventory turnover ratio.
3. Calculate the inventory turnover in days.
4. Conceptual Connection: Based on these ratios, does Nikkola appear to be performing well or poorly?
refer to the data from butler companys finishing department.butler companys finishing departmentquantitywork in process
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