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Determine the inventory turnover and the number of days

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Reference no: EM132964960

Inventory Analysis

A company reports the following:

Cost of goods sold $374,855

Average inventory 57,670

Problem 1: Determine the inventory turnover and 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: EM132964960

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