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Smithson Electrical Fixtures Reported the Following Income Statement for the Year

Question 163

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Smithson Electrical Fixtures reported the following income statement for the year ended December 31,2019.
Smithson Electrical Fixtures reported the following income statement for the year ended December 31,2019.     Compute inventory turnover rate for the year.(Round to two decimal places. ) Compute days' sales in inventory for the year.(Round to two decimal places. )
Compute inventory turnover rate for the year.(Round to two decimal places. )
Compute days' sales in inventory for the year.(Round to two decimal places. )

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Inventory turnover is 3.69 times for the...

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