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Calculate the inventory turnover and days in inventory

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Reference no: EM132052524

Question - Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method.

Beginning inventory $13,189

Ending inventory 14,289

LIFO reserve 1,368

Current assets 59,788

Current liabilities 69,519

Cost of goods sold 165,974

Sales revenue 176,551

Calculate the inventory turnover and days in inventory.

Reference no: EM132052524

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