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Compute inventory turnover for each company

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Reference no: EM131761336

The cost of goods sold computations for Alpha Company and Omega Company are shown below.

Alpha Company Omega Company
Beginning inventory mce_markernbsp;45,000 mce_markernbsp;71,000
Cost of goods purchased 199,000 295,500
Cost of goods available for sale 244,000 366,500
Ending inventory 55,500 71,500
    Cost of goods sold $188,500 $295,000

Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)

Compute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)

Reference no: EM131761336

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