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Using the following information, calculate invento

Using the following information, calculate inventory turnover ratio, the average days in inventory, and the gross profit ratio for Barkley Company for the year ended December 31, 2012. (Round to two decimal places.) Sales $125,000 Cost of goods sold ..75,000 Ending inventory, December 31, 2011 .15,275 Ending inventory, December 31, 2012 .18,750 Net income ..26,500

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