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Determine the inventory turnover

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Reference no: EM131966922

Question - Inventory Analysis

A company reports the following:

Cost of goods sold $388,725

Average inventory 51,830

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

Reference no: EM131966922

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