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How many times per year did acme inventory turnover

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In 2011, Acme, Inc. reported sales of $400,000, operating expenses of $205,000 and net income of $85,000. Acme listed $50,000 of inventory on its balance sheet. Using a 365-day year, how many days did Acme's inventory stay on the premises? How many times per year did Acme's inventory turnover

Reference no: EM132466682

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