Compute market inventory turnover and days sales

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Reference no: EM13137938

Market Company begins the year with $200,000 of goods in inventory. At year-end, the amount in inventory has increased to $230,000. Cost of goods sold for the year is $1,600,000.

Compute Market’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year. (Round your answers to 2 decimal places.)

Reference no: EM13137938

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