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A company reports the following: Cost of goods sold $233,600 ...

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Accounting

A company reports the following:

Cost of goods sold $233,600
Average inventory 58,400

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

a. Inventory turnover
b. Number of days' sales in inventory days

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