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Question - The following data are from the income statements of Haskin Company.

 

2015

2014

Sales

$6,345,900

$6,144,300

Beginning inventory

924,900

858,100

Purchases

4,373,500

4,629,400

Ending inventory

1,066,000

924,900

Compute for each year the inventory turnover.

Compute for each year the average clays to sell the inventory.

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  • Reference No.:- M92724245
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