Question: A retail store has been tracking its inventory turnover ratio to assess its inventory management efficiency. The store had an average inventory value of $

A retail store has been tracking its inventory turnover ratio to assess its inventory management efficiency. The store had an average inventory value of $50,000 over the past year, and its cost of goods sold (COGS) during the same period was $200,000. Calculate the inventory turnover ratio for the retail store.

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