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Dawson Company had the following information for the current year: Net Sales Accounts receivable, $5,000,000 Dec. 31 $300,000 Accounts receivable, Jan. $200,000 Inventory, Dec. 31

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Dawson Company had the following information for the current year: Net Sales Accounts receivable, $5,000,000 Dec. 31 $300,000 Accounts receivable, Jan. $200,000 Inventory, Dec. 31 $200,000 1 Inventory, Jan. 1 $150,000 Cost of goods sold $3,000,000 Calculate the inventory turnover ratio. O 8.6 O 20 O 15 O 17.1

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