Question: Calculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) Company Beginning

Calculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.)

Company Beginning Inventory Ending Inventory Average Inventory Cost of Goods Sold Inventory Turnover
an online gift retailer $856,730 $943,680 $ $3,237,500

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