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Calculating the inventory turnover rate given the following information: Open Inventory: $650 Closing Inventory: $700 Purchases: $1400 Blank space #1: Calculate the cost of food

Calculating the inventory turnover rate given the following information: Open Inventory: $650 Closing Inventory: $700 Purchases: $1400 Blank space #1: Calculate the cost of food sold Blank space #2: Calculate the average inventory Blank space #3: Calculate the inventory turnover rate

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