The following data are from the income statements of Haskin Company. a. Calculate for each year (1)

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The following data are from the income statements of Haskin Company. 


a. Calculate for each year 

(1) the inventory turnover 

(2) the days sales in inventory. 

b. What conclusions concerning the management of the inventory can be drawn?

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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