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    Exam 13: Financial Analysis: The Big Picture
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    If the Inventory Turnover Is 7
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If the Inventory Turnover Is 7

Question 270

Question 270

Short Answer

If the inventory turnover is 7.3 times, and the average inventory was $600,000, the cost of goods sold during the year was $______________ and the average days to sell the inventory was ______________ days.

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