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A company has the following information. What is inventory turnover? Average total assets $1,632,600 Average fixed assets 812,000 Total revenue 2,914,000 Average accounts payable 107,000

A company has the following information. What is inventory turnover?

Average total assets $1,632,600
Average fixed assets 812,000
Total revenue 2,914,000
Average accounts payable 107,000
Average inventory 431,425
Average accounts receivable 214,785
Cost of goods sold 1,965,000

4.44

13.57

6.75

4.55

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