Sims Company reports beginning raw materials inventory of $900 and ending raw materials inventory of $1,100. Assume
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Sims Company reports beginning raw materials inventory of $900 and ending raw materials inventory of $1,100. Assume the company purchased $5,200 of raw materials and used $5,000 of raw materials during the year. Compute raw materials inventory turnover (round to one decimal) and the number of days’ sales in raw materials inventory (round to the nearest day).
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