Compute the inventory turnover and the number of days

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Reference no: EM132605841

Inventory Analysis

A company reports the following:

Cost of goods sold $353,320

Average inventory 88,330

Question 1: Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

 

Reference no: EM132605841

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