The inventory turnover ratio and the day’s sales in inventory of Company P for Year 3 and Year 2 and comment on the efficiency in using its assets to increase sales from Year 2 to Year 3.

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Chapter 6, Problem 13E

To determine

The inventory turnover ratio and the day’s sales in inventory of Company P for Year 3 and Year 2 and comment on the efficiency in using its assets to increase sales from Year 2 to Year 3.

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