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In 2018, Hidey Company Had Average Inventory of $86,000

question 12

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In 2018, Hidey Company had average inventory of $86,000. The 2018 income statement showed net sales of $2,200,000 and gross profit of $420,000. In 2017, it was taking the company approximately 30 days to sell its inventory. The company's inventory turnover for 2018 was approximately

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