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A company reports average inventory of $54 million. Its annual inventory turns are 7.4 per year. What is the company's annual cost-of-goods sold in million

A company reports average inventory of $54 million. Its annual inventory turns are 7.4 per year. What is the company's annual cost-of-goods sold in million dollars (i.e., write 1.00 for $1,000,000)

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