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Chapter 017 Homework Apart II Api eBook Show Me How 1. EX.17-06. ALGO Inventory Analysis...

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Chapter 017 Homework Apart II Api eBook Show Me How 1. EX.17-06. ALGO Inventory Analysis The following data were extracted from the income statement of Keever Inc.: 2. EX.17-09.ALGO Current Year Previous Year 3. EX.17-11.ALGO Sales $1,095,000 $1,143,200 54,882 81,450 4. EX.17-16.ALGO Beginning inventories Cost of goods sold 547,500 635,100 5. EX.17-17 ALGO Ending inventories 73,650 81,450 6. EX.17-20.ALGO a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. 7. PR.17-04. ALGO Current Year Previous Year 1. Inventory turnover X

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