Endor Company begins the year with $140,000 of goods in inventory. At year-end, the amount in inventory

Question:

Endor Company begins the year with $140,000 of goods in inventory.
At year-end, the amount in inventory has increased to $180,000. Cost of goods sold for the year is $1,200,000. Compute Endor’s inventory turnover and days’ sales in inventory. Assume there are 365 days in the year.

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