(Answered) Question - the following information is available for the

Accounting

Question - The following information is available for the Starr Air Corporation:

Sales - $750,000

Cost of goods sold - 410,000

Gross profit - 340,000

Operating Income - 85,000

Net Income - 42,000

Inventory, beginning year - 71,200

Inventory, end of year - 48,800

Calculate the company inventory turnover and its days sales in inventory.

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