Essay
Based on the following information,compute (a)inventory turnover; (b)average daily cost of goods sold using a 365 day year; and (c)number of days' sales in inventory.
Cost of goods sold $195,640
Inventory:
Beginning 20,500
Ending 18,628
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(a)$195,640 ÷ [($20,500 + 18,6...View Answer
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