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Consider a firm with an annual net income of $120 million, revenue of $210 million and cost of goods sold of $80 million. If the
Consider a firm with an annual net income of $120 million, revenue of $210 million and cost of goods sold of $80 million. If the balance sheet amounts show $4 million of inventory and $15 million of property, plant & equipment, what is the inventory turnover? How does it compare to the industry standard of 15?
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