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Analyzing Inventory A company's cost of goods sold for the year was $97,500. Ending inventory was $12,000 and $13,500 in the current and prior years,
Analyzing Inventory
A company's cost of goods sold for the year was $97,500. Ending inventory was $12,000 and $13,500 in the current and prior years, respectively.
Required:
Calculate the company's inventory turnover ratio. Round your answer to two decimal places. ______ times
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