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Brief Exercise 12-8 (Algo) Understand inventory turnover (LO12-3) The Powerball Club reports sales revenue of $770,000. Inventory at both the beginning and end of the

Brief Exercise 12-8 (Algo) Understand inventory turnover (LO12-3) The Powerball Club reports sales revenue of $770,000. Inventory at both the beginning and end of the year totals $140,000. The inventory turnover ratio for the year is 4.4 . What amount of gross profit does the company report in its income statement

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