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At December 31 2016 the Following Information Was Available for Deen

Question 223

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At December 31 2016 the following information was available for Deen Company: ending inventory $22600; beginning inventory $21400; cost of goods sold $171000; and sales revenue $430000.
Calculate the inventory turnover and days in inventory for Deen.

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Inventory Turnover = $171000 ÷...

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