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A company has sales of $ 2 2 5 , 0 0 0 cost of goods sold of $ 1 1 5 , 0 0

A company has sales of $225,000 cost of goods sold of $115,000 average inventory during the year of $65,000 and ending inventory of $80,000. What is the company's inventory turnover for the year?

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Calculating the Inventory Turnover Ratio The inventory turnover ratio measures how efficiently a com... blur-text-image

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