Sorenson Inc. has sales of $5,119,000, a gross profit margin of 32.18 percent, and inventory of $1,0

Sorenson Inc. has sales of $5,119,000, a gross profit margin of 32.18 percent, and inventory of $1,0 | savvyessaywriters.org

Sorenson Inc. has sales of $5,119,000, a gross profit margin of 32.18 percent, and inventory of $1,017,000. What are the company’s inventory turnover ratio and days’ sales in inventory?

 

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