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20. United Products began the year with an Inventory balance of $190,000, and had a year-end balance of $210,000. Sales of $840,000 generated a gross

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20. United Products began the year with an Inventory balance of $190,000, and had a year-end balance of $210,000. Sales of $840,000 generated a gross profit of $180,000 Calculate the Inventory turnover ratio for the year. (Round your answer to 1 decimal place.) Inventory turnover ratio times

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