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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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