A company has the following data for the current year Beginning inventory $10,000 Ending inventory $12,000 Purchases $50,000 Sales $80,000 Cost of goods sold $40,000 Calculate the company 's inventory turnover ratio and days in inventory ...

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A company has the following data for the current year: Beginning inventory: $10,000 Ending inventory: $12,000 Purchases:

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A company has the following data for the current year:

Beginning inventory: $10,000
Ending inventory: $12,000
Purchases: $50,000
Sales: $80,000
Cost of goods sold: $40,000

Calculate the company's inventory turnover ratio and days in inventory.

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Advanced Accounting

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1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Feb 15, 2023 03:05 AM

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A company has the following data for the current year: Beginning inventory: $10,000 Ending inventory: $12,000 Purchases:

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