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Computing inventory turnover and days sales in inventory Hope Life reported the following income statement for the year ended December 31 2017 Requirements 1 Compute Hope Lifes inventory turn

Computing inventory turnover and days’ sales in inventory Hope Life reported the following income statement for the year ended December 31, 2017:

Requirements

1. Compute Hope Life’s inventory turnover rate for the year. (Round to two decimal places.)

2. Compute Hope Life’s days’ sales in inventory for the year. (Round to two decimal places.)

Apr 21 2020 View more View Less

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