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14. Given these facts, compute inventory turnover: Total Assets................................ $10,000,000 Costs of Goods Sold.................... 2,200,000 Average Inventory.................... 1,300,000 Interest Expense........................ 850,000 a. .59. b. 1.69.
14. Given these facts, compute inventory turnover:
Total Assets................................ $10,000,000
Costs of Goods Sold.................... 2,200,000
Average Inventory.................... 1,300,000
Interest Expense........................ 850,000
a. .59.
b. 1.69.
c. 2.59.
d. 7.69.
e. Not enough information is given.
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