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Calculate the companys inventory turnover

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Question - Marigold Foods Inc. reported inventory of $5,400 million at the end of its 2020 fiscal year and $5,000 million at the end of its 2019 fiscal year. It reported cost of goods sold of $36,100 million for the fiscal year 2020 and net sales of $55,900 million for fiscal year 2020. Calculate the company's inventory turnover and the average days to sell inventory for the fiscal year 2020.

Reference no: EM132558160

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