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3 Exercise 13-4A (Algo) Inventory turnover LO 13-2 Selected financial information for Fanning Company for Year 4 follow 3 points 12,300,000 Sales Cost of good

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3 Exercise 13-4A (Algo) Inventory turnover LO 13-2 Selected financial information for Fanning Company for Year 4 follow 3 points 12,300,000 Sales Cost of good old Merchandise inventory Tegnino nd of your 158,000 194.000 Required Assuming that the merchandise Inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places)

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