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A corporation has the following balance sheet items for the year ending December 31: The following is the income statement for the year ending December

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A corporation has the following balance sheet items for the year ending December 31: The following is the income statement for the year ending December 31: The corporation' s beginning inventory balance is $20,000. What is the inventory turnover ratio? 1.00 2.00 1.50 3.33

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