A company reports the following amounts for 2018: Inventory (beginning) Inventory (ending) Purchases Purchase returns...
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Accounting
A company reports the following amounts for 2018: Inventory (beginning) Inventory (ending) Purchases Purchase returns $ 19,000 30,000 250,000 14,000 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2018. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
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