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Assume a company provided the following information Gross margin percentage Sales Inventory balance, beginning of the year Inventory balance, end of the year Net income

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Assume a company provided the following information Gross margin percentage Sales Inventory balance, beginning of the year Inventory balance, end of the year Net income 408 $ 490,000 $ 20,000 $ 30,000 $ 10,000 The inventory turnover is closest to: Multiple Choice 12 18 15

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