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Ali Baba Manufacturing held an average inventory of $1010000 (raw materials, work-in-process, finished goods) last year. Its sales were $6000000, and its cost of goods

Ali Baba Manufacturing held an average inventory of $1010000 (raw materials, work-in-process, finished goods) last year. Its sales were $6000000, and its cost of goods sold was $3960000. The firm oper

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