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ABC Corporation reports the following information for 2020. Based on these figures, what is ABC's inventory turnover ratio for 2020? $65,000 $55,000 $550,000 $320,000 Beginning

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ABC Corporation reports the following information for 2020. Based on these figures, what is ABC's inventory turnover ratio for 2020? $65,000 $55,000 $550,000 $320,000 Beginning Inventory Ending Inventory Sales Revenue Cost of goods sold Cost of goods available for sale Inventory purchases a. 5.3 $375,000 $310,000 b. 10.0 C. 8.5 d. 4.8

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