Question: Last year, Fullerton Enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. During this same year, the cost of goods sold

Last year, Fullerton Enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. During this same year, the cost of goods sold was $30 million. The company operates 50 weeks per year. What is their inventory turnover? ____turns (Enter your response rounded to two decimal places.)

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