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Identify a public manufacturing company in the USA that produces a tangible products.
–Identify the company’s value chain (first and second level) Be specific in your description.
–What benchmarks does the company use to measure its progress? If none can be identified, create six benchmarks that you feel are applicable.
–Calculate the companies;
Inventory Turnover (in dollars).
–Summarize your findings with your assessment of the company.
Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable.
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