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Calculate the inventory turnover and days in inventory

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Reference no: EM133112569

Question - The following information is available for Concord Corporation for 2022:

Beginning inventory $1,118,000

Ending inventory 1,218,000

Cost of goods sold 8,409,600

Sales 7,300,000

Required - Calculate the inventory turnover and days in inventory for Concord Corporation.

Reference no: EM133112569

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