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Required information [The following information applies to the questions displayed below) Simon Companys year-end balance sh
The companys income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit: For Year End
(3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. Complete th
(3-a) Compute inventory turnover. (3-6) For each ratio, determine if it improved or worsened in the current year. Complete th
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Answer #1

Requirement (3) Inventory Turnover Choose Numerator / Choose Denominator = Cost of goods sold Average Inventory $ 411,225 / $

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