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Compute the inventory turnover ratio and average selling period from the following data of a trading company: Sales: $75,000 Gross profit: $35,000 Opening inventory: $9,000

Compute the inventory turnover ratio and average selling period from the following data of a trading company: Sales: $75,000 Gross profit: $35,000 Opening inventory: $9,000 Closing inventory: $7,000

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