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Inventory turnover Kamin Corporation has the following financial data for the years 2009 and 2010: XXXXXXXXXXSalesAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ $4,000,000 $5,000,000 Cost of goods...

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Inventory turnover Kamin Corporation has the following financial data for the years 2009 and 2010: XXXXXXXXXXSalesAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ $4,000,000 $5,000,000 Cost of goods soldAc€¦Ac€¦Ac€¦Ac€¦Ac€¦ 3,000,000 4,500,000 InventoryAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 400,000 500,000 a. Compute inventory turnover based on ratio number 6, Sales/Inventory, for each year. b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. c. What conclusions can you draw from part a and part b?
Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021
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