The following balance sheet information is provided for Gaynor Company: Assets Year 2 Year 1 Cash $2,850
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The following balance sheet information is provided for Gaynor Company: Assets Year 2 Year 1 Cash $2,850 $2,100 Accounts receivable 15,600 13,600 Inventory $30,500 $38,000 Assuming Year 2 cost of goods sold is $116,000, what is the company's inventory turnover?
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