Question: Calculate Inventory Turns - in turns - using the data you need from the list below: Annual Sales: $64'396,576 Annual Cost of materials consumed and

Calculate Inventory Turns - in turns - using the data you need from the list below:

Annual Sales: $64'396,576

Annual Cost of materials consumed and Sold: $43'511,200

Annual Year-End Profit: $20'885,376

Inventory moving average at year-End: $16'725,000

Profit Margin: 48%

a.

2.01

b.

3.2

c.

1.9

d.

2.60

e.

3.3

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