Question: Using data in E6-18, indicate the effects of valuing inventory using lower of cost or market on the liquidity metric days sales in inventory and

Using data in E6-18, indicate the effects of valuing inventory using lower of cost or market on the liquidity metric days’ sales in inventory and profitability metric return on sales.

Data Frome E6-18:

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.

Using data in E6-18, indicate the effects of valuing inventory using lower

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