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Exercise 5-13 Inventory turnover and days' sales in inventory LO A3 The following is information for...

Exercise 5-13 Inventory turnover and days' sales in inventory LO A3

The following is information for Palmer Co.

Year 3 Year 2 Year 1
Cost of goods sold $ 593,825 $ 376,650 $ 341,300
Ending inventory 101,400 91,750 96,500

  
Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2

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