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What is the annual cost of goods sold

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Reference no: EM132812675

Assume a firm's inventory level of $12,500 represents 35 days' sales.

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Problem 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.)

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

Reference no: EM132812675

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