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Company X reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. Their property, plant and equipment is $19,813
Company X reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. Their property, plant and equipment is $19,813 and they have $16,240 of inventory. What is its annual Inventory turnover? (use 2 decimal digits).
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