(Solution) - Emma Louise Company had net sales of 2 225 500 000 and cost -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Emma Louise Company had net sales of $2,225,500,000 and cost of goods sold of $1,557,850,000. Emma had the following balances:

Required:
Round answers to two decimal places.
1. Calculate the average inventory.
2. Calculate the inventory turnover ratio.
3. Calculate the inventory turnover indays.