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47. The 2017 financial statements of Sito Company reported a beginning inventory of 80,000, an ending inventory of 120,000, and cost of goods sold of

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47. The 2017 financial statements of Sito Company reported a beginning inventory of 80,000, an ending inventory of 120,000, and cost of goods sold of $700,000 for the year. Sito's inventory turnover for 2017 is a. 8.8 times. b. 7.0 times. c. 5.8 times. d. 4.8 times

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