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Consider a firm with an annual net income of $ 3 5 million, revenue of $ 1 5 0 million and cost of goods sold

Consider a firm with an annual net income of $35 million, revenue of $150 million and cost of goods sold of
$65
million. If the balance sheet amounts show
$6
million of inventory and $1,000,000 of property, plant & equipment, what is the inventory turnover? (Round answer to two decimal places.)Consider a firm with an annual net income of $35 million, revenue of $150 million and cost of goods sold of $65 million. If the balance sheet amounts show $6 million of
inventory and $1,000,000 of property, plant &. equipment, what is the inventory tumover? (Round answer to two decimal places.)
A.9.29
B.10.83
C.0.09
D.4.29
E.6.00
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