Question: Vertically analyze the financial data (current year only) in Exercise 17-11. (b) Calculate how long it took Keever Inc. to sell its inventory (current year

 Vertically analyze the financial data (current year only) in Exercise 17-11.

Vertically analyze the financial data (current year only) in Exercise 17-11. (b) Calculate how long it took Keever Inc. to sell its inventory (current year only). Show your work

The following data were extracted from the income statement of Keever Inc.: Sales Beginning inventories Cost of goods sold Ending inventories Current Year $18,500,000 940,000 9,270,000 120,000 Previous Year $20,000,000 860,000 10,800,000 940,000

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