Lewis incorpprated and Clark Enterprises report the following amounts for the year. Required: 1. Calculate...
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Accounting
Lewis incorpprated and Clark Enterprises report the following amounts for the year. Required: 1. Calculate cost of goods sold for each company. 2. Caficulate the imventory turnover ratio for each company. 3. Calculate the average days in inventory for each company. 4. Which company appears to be managing its imventory more efficiently? Complete this question by entering your answers in the tabs below. Calculate cont of goods sold for each company
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