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A company has an inventory turnover ratio of4.20,merchandise inventory for2017of$87,065,and cost of goods sold of$315,000.What is the average inventory? (Round your answer to the nearest
- A company has an inventory turnover ratio of4.20,merchandise inventory for2017of$87,065,and cost of goods sold of$315,000.What is the average inventory?(Round your answer to the nearest whole dollar anddo not use commas or dollar signs in your answer)
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
