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Cost of goods sold for Califant Industries was $989,420 for the year. If the beginning inventory at cost was $603,700 and the ending inventory at

Cost of goods sold for Califant Industries was $989,420 for the year. If the beginning inventory at cost was $603,700 and the ending inventory at cost was $414,200, find the inventory turnover at cost. (Round your answer to the nearest tenth)

a. 2.4 Times

b. 3.2 Times

c. 2.0 Times

d. 1.9 Times

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