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Business, 25.11.2020 01:40 eliwas555

3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Required:
Compute raw materials inventory turnover and the number of days' sales in raw materials inventory.

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3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory...
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