Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory...

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Accounting

Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information.
Cost of goods sold
Beginning inventory
$722,000
Ending inventory
53,000
67,000
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inventory turnover ratio
number of day's' sales in inventory ratio
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