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Using information from the pro forma income statement derived in #1, and also Exhibits C 6.2 and 6.3 and other case information, calculate the inventory for 2016. (Hint: First, calculate inventory turnover and then calculate inventory by dividing COGS by the inventory turnover number. Remember, you are calculating the 2016 inventory.).
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Using information from the pro forma income statement derived in #1, and also Exhibits C 6.2 and 6.3...
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