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A retail store in Berlin has an inventory worth 100,000 at the beginning of the month. During the month, they make purchases worth 50,000 and

A retail store in Berlin has an inventory worth 100,000 at the beginning of the month. During the month, they make purchases worth 50,000 and sales amounting to 80,000. Calculate the inventory turnover ratio for the month and explain its significance in retail management. Provide a detailed analysis of the store's inventory turnover.

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