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Bower Corp.'s cost of sales has remained steady over the last two years.During this same time period,however,its inventory has increased considerably.What does this information tell you about the company's inventory turnover? Explain your answer.
OCI
Other Comprehensive Income includes revenues, expenses, gains, and losses that are not included in net income, affecting the equity section of the balance sheet.
Discontinued Operations
Parts of a company's operations that have been sold or terminated, which are reported separately from continuing operations on financial statements.
Tax Rate
The percentage at which an individual or corporation is taxed.
Partial Income Statement
A financial document that reports a company's revenues, expenses, and profits over a portion of the fiscal year, rather than the entire year.
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