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General motors uses the lifo inventory method calculate the

Question - Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method.

Beginning inventory $13,189

Ending inventory 14,289

LIFO reserve 1,368

Current assets 59,788

Current liabilities 69,519

Cost of goods sold 165,974

Sales revenue 176,551

Calculate the inventory turnover and days in inventory.

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Accounting Basics: General motors uses the lifo inventory method calculate the

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