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Determine the inventory turnover ratio and the days sales

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Question - At the beginning of 2020, Ziphon Wholesale Corp. had inventory of $322,000. It ended the year with inventory of $295,000 after purchasing $558,000 worth of inventory. The cost of goods sold totalled $742,000. Determine the inventory turnover ratio and the days' sales in inventory.

Reference no: EM133154401

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