Pete s Plants has the following information as of July 31
Pete’s Plants has the following information as of July 31, 2012:


Requirements
1. Compute the rate of inventory turnover for Pete’s Plants for the year ended July 31, 2012. Round the result to two decimal places.
2. The rate of inventory turnover for Pete’s Plants was 10.24 in 2011. Has the rate improved ordeteriorated?
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