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Calculate the inventory turnover for each year

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Reference no: EM132933316

Problem 1: Connection Section has the following amounts for 2015 and 2016. Calculate the inventory turnover for each year. Round answers to two decimal places. Also determine if the change is favorable or unfavorable for the company.

                                                    2016                    2015

Beginning Inventory              $2,590              $3,200

Ending Inventory                   2,800               2,590

Cost of merchandise sold           13,200           15,650.

Reference no: EM132933316

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