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A Company Reports the Following  Cost of goods sold $610,000 Average inventory 80,000\begin{array}{lr}\text { Cost of goods sold } & \$ 610,000 \\\text { Average inventory } & 80,000\end{array}

question 67

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A company reports the following:  Cost of goods sold $610,000 Average inventory 80,000\begin{array}{lr}\text { Cost of goods sold } & \$ 610,000 \\\text { Average inventory } & 80,000\end{array}
Determine the (a) inventory turnover, and (b) number of days' sales in inventory. Round your answer to one decimal place.


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Biological Explanations

Understandings or interpretations based on biological factors, such as genetics, brain structures, or evolutionary history, to account for certain behaviors or phenomena.

Maturation

The process of becoming mature; the process of developing in physical, sexual, intellectual, or emotional capacity, generally as a result of biological aging and not solely based on learning.

Jargoning

The use of specialized or technical language in a particular field, profession, or group, often making communication difficult for outsiders.

Cooing

Early vocalization of infants, consisting of producing soft, murmuring sounds, often reflecting contentment or pleasure.

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