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A company reports the following financial information: Inventory, December 31, 2019 Inventory, December 31, 2020 Net Sales for 2020 Cost of Goods Sold for 2020

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A company reports the following financial information: Inventory, December 31, 2019 Inventory, December 31, 2020 Net Sales for 2020 Cost of Goods Sold for 2020 $ 75,000 125,000 850,000 400,000 The company's inventory turnover ratio is closest to O 0.19 times 4.00 times O 2.13 times O 5.33 times

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