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Consider the following inventory data for two companies: Beginning inventory Ending inventory Purchases Nichols Incorporated $ 120,000 80,000 240,000 Winters Incorporated $ 150,000 100,000 310,000
Consider the following inventory data for two companies: Beginning inventory Ending inventory Purchases Nichols Incorporated $ 120,000 80,000 240,000 Winters Incorporated $ 150,000 100,000 310,000 Which of these companies has the higher inventory turnover ratio?
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