Question: Calculate the Inventory Turnover Ratio for ABC Co using the following information. Your answer should be entered as a number to the nearest single decimal

Calculate the Inventory Turnover Ratio for ABC Co using the following information. Your answer should be entered as a number to the nearest single decimal such as 5.1. Cost of goods sold for 2022=$1,200,000 Inventory on 12/31/2021=$210,000 Inventory on 12/31/2022=$190,000

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