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The following data were taken from Castle,Inc.Determine the inventory turnover ratio and the days' sales in inventory for Castle Inc.Round to two decimal places.
Activity Rates
The cost driver rates used in activity-based costing to allocate overhead costs to products or services.
Fabricating
The process of creating something by assembling or combining various components, often used in manufacturing and industrial contexts.
Setting Up
Setting up refers to the process involved in preparing machinery, equipment, or software to perform its intended task.
Overhead Cost
Indirect costs required for production that cannot be directly traced to specific products, such as utilities, rent, and administrative expenses.
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