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5. Caruso, Inc. has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then a. The company will report
5. Caruso, Inc. has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then a. The company will report sales of $1,200,000. b. The gross margin will be $1,200,000. c. The company's average inventory is $18,750. (1. It sells its inventory 1,200 times per year
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