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5. The following information is available for Omari Corporation for 2018 (5 marks): Beginning...

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Question

Accounting

5. The following information is available for Omari Corporation for 2018 (5 marks):

Beginning inventory $ 700,000

Ending inventory 800,000

Cost of goods sold 6,000,000

Sales 8,000,000

Instructions

  1. Calculate the inventory turnover for Omari Corporation. (2.5 marks)
  2. Calculate days in inventory for Omari Corporation. (2.5 marks)

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