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Co. has a beginning inventory of $77,000 and an inventory of $80,000. Sales were $280,000. Assume markup rate on selling price is 40%. Based on

Co. has a beginning inventory of $77,000 and an inventory of $80,000. Sales were $280,000. Assume markup rate on selling price is 40%. Based on the price, what is the inventory turnover at cost? Round nearest hundredth

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