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M-Bot,Incorporated Produces Automatic Car Starters

Question 157

Essay

M-Bot,Incorporated produces automatic car starters.The company used $700,000 of raw materials in their most recent accounting year.They started the year with $25,000 of raw materials and ended with $40,000.
(a) Compute the company's raw materials inventory turnover.
(b) Compute the company's days' sales in raw materials inventory.

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(a)Raw materials inventory tur...

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