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Calculate the company inventory turnover

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Inventory Turnover and Days' Sales in Inventory

W. Glass & Company reported the following information in its recent annual report:

                                               2018            2019

Cost of goods sold       $4,000,000      $4,600,000

Beginning inventory      880,000           860,000

Ending inventory         860,000               760,000

Problem 1: Calculate the company's inventory turnover and days' sales in inventory for both years.

Reference no: EM132696765

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