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How many days did Rachets R Us inventory stay on premises

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Reference no: EM132477646

Point 1: Rachets R Us Corp. reported sales for 2018 of $300,000. Rachets R Us listed $25,000 of inventory on its balance sheet.

Question 1: Using a 365-day year, how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?

Reference no: EM132477646

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