Suppose at November 31 of a recent year, the following information (in thousands) was available...
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Accounting
Suppose at November 31 of a recent year, the following information (in thousands) was available for skateboard manufacturer SkrrtInc.: ending inventory $170,000; beginning inventory $121,000; cost of goods sold $398,670 and sales revenue $779,000.
Calculate the inventory turnover for Skrrt, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)
Calculate the days in inventory for Skrrt, Inc. (Round days in inventory to 0 decimal places, e.g. 125.)
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