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  3. a company reports the following: cost of goods sol

A company reports the following: Cost of goods sold $252,945 Average inventory 56,210 Determine (a)...

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Accounting

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A company reports the following: Cost of goods sold $252,945 Average inventory 56,210 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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