Question: Solve for the missing information designated by blanks in the following table. Note: Use 365 days in a year. Round the inventory turnover ratio to
Solve for the missing information designated by blanks in the following table. Note: Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place. Case a. Beginning Inventory $ (blank) Purchases $ (blank) Cost of Goods Sold $ 1000 Ending Inventory 150 Inventory Turnover 6 Days to Sell 36.5
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