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What is the annual cost of goods sold

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Reference no: EM132597300

Assume a firm's inventory level of $13,500 represents 37 days' sales.

Required:

Question a. What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.)

Question b. What is the inventory turnover ratio? (Round your answer to 2 decimal places.)

Reference no: EM132597300

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