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Current Attempt in Progress The financial data for Cullumber's Fresh Fruits Incorporated and Ivanhoe's Supermarket Ltd. for the current year are as follows: Annual
Current Attempt in Progress The financial data for Cullumber's Fresh Fruits Incorporated and Ivanhoe's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Inventory Inventory Sold Jan. 1 Dec. 31 Cullumber's Fresh Fruits $9,662,625 $713,200 $718,300 Ivanhoe's Supermarket 57,038,395 4,797,600 993,100 (a) Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.g. 18.4.) Cullumber's Fresh Fruits Inventory turnover Ivanhoe's Supermarket times times
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