The following is information for Palmer Co. 2016 2015 2014 Cost of goods sold $643,825 $426,650 $391,300
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Question:
The following is information for Palmer Co. 2016 2015 2014 Cost of goods sold $643,825 $426,650 $391,300 Ending inventory 97,400 87,750 92,500
Required:
Use the above information to compute inventory turnover for 2016 and 2015, and its days' sales in inventory at December 31, 2016 and 2015.
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