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Consider the following data from a company annual report: which of the following is inventory turnover? Sales: $1,200,000 Cost of Goods Sold: $60,000 Raw Materials

Consider the following data from a company annual report: which of the following is inventory turnover?

Sales: $1,200,000

Cost of Goods Sold: $60,000

Raw Materials Inventory: $80,000

Finished Goods Inventory: $20,000

Work-in-Process: $20,000

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