Seved 2GFU Corporation has the following financial data for the years 20XX and 20xY: 20xx...
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Seved 2GFU Corporation has the following financial data for the years 20XX and 20xY: 20xx 20XY Sales $3.968,000 $4,112,000 Cost of goods sold 2,976,000 3,341,000 Inventory 496,000 514,000 a. Compute Inventory turnover based on sales for each year. (Round the final answer to 1 decimal place.) Inventory turnover ratio 20xx 20NY b. Compute Inventory turnover based on cost of goods sold for each year. (Round the final answers to 1 decimal Tnventory turnover ratio 20xx 20xY c. This part of the question is not part of your Connect assignment.
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