Essay
Cutting Edge Technologies reported the following information in its 2016 annual report: 
Required:
1. Determine the inventory turnover ratio. (Round your answer to two decimal places.)
2. Determine the average days to sell inventory. (Round your answer to a whole number.)
3. Explain the meaning of each ratio.
Correct Answer:
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1. 6.50 = ($11,010/$1,695 average invent...View Answer
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