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Working Backward: Inventory Turnover
It takes Bradley Retailers 90 days on average to sell its inventory. The company began the year with $17,000 in inventory. Sales and cost of goods sold for the year amounted to $95,000 and $60,000, respectively.
Required
Assuming 360 days in a year, determine the amount of Bradley's ending inventory.
When translating foreign subsidiary income statements using the current rate method why are some accounts translated at an average rate?
can someone show me how to do this. i am having issues and being able to see the working helps me understand it
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