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A company has the following: 2 0 X 2 2 0 X 1 Ending inventory $ 3 2 , 6 5 0 $ 3 0

A company has the following:
20X220X1
Ending inventory $32,650 $30,490
Cost of goods sold255,250261,300
Sales520,000560,000
Net income50,00040,000
What is the company's inventory turnover for 20X2?(rounded)
Group of answer choices
6.9 times
7.8 times
8.1 times
0.1 times
7.6 times

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