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A retailers total sales are $1,000,000, and the gross margin percentage is 60%. The be-ginning and ending inventory balances are $240,000 and $260,000, respectively. What
A retailers total sales are $1,000,000, and the gross margin percentage is 60%. The be-ginning and ending inventory balances are $240,000 and $260,000, respectively. What is the inventory turnover?
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