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Calculate the inventory turnover ratio for Company Visa Inc., given its cost of goods sold of $7.41 billion and average inventory of $1.32 billion. Describe
Calculate the inventory turnover ratio for Company Visa Inc., given its cost of goods sold of $7.41 billion and average inventory of $1.32 billion. Describe the inventory turnover ratio as a measure of a company's efficiency in managing its inventory levels. Discuss the significance of a higher or lower inventory turnover ratio in assessing operational efficiency and inventory management practices.
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