Question: Current Attempt in Progress The following information is available from the annual reports of Flounder and Patricia: (a) Your answer is correct. Calculate the inventory

 Current Attempt in Progress The following information is available from theannual reports of Flounder and Patricia: (a) Your answer is correct. Calculatethe inventory turnover and days in inventory for both companies. (Round inventory

Current Attempt in Progress The following information is available from the annual reports of Flounder and Patricia: (a) Your answer is correct. Calculate the inventory turnover and days in inventory for both companies. (Round inventory turnover to 2 decima) and days in inventory to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Calculate the inventory turnover and days in inventory for both companies. (Round inventory turnover to 2 decimal places, e.g. 15 and days in inventory to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) eTextbook and Media Attempts: 1 of 3 use (b) X Your answer is incorrect. Calculate Flounder's inventory turnover after adjusting for the LIFO reserve. Flounder uses the LIFO inventory method. (Round answer to 2 decimal places, e.g. 15.25.) Attempts: 1 of 3 used * Your answer is incorrect. Calculate Flounder's inventory turnover after adjusting for the LIFO reserve. Flounder uses the LIFO inventory method. (Round answer to 2 decimal places, e.g. 15.25.) Inventory turnover

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