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Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The company's annual sales is $182,795. Answer following questions.
(1) How many times per year does the company turn over its inventory?
(2) If the companyAc€?cs cost of goods sold (COGS) is 60 percent of the annual sales, what is its average inventory?
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