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Determine the stockturn rate of a retailer carrying an average inventory at cost of $200,000, with a cost of goods sold of $340,000. If
Determine the stockturn rate of a retailer carrying an average inventory at cost of $200,000, with a cost of goods sold of $340,000. If this company's stockturn rate was 2.1 last year, is the calculated stockturn rate better or worse? The stockturn rate is (Round to one decimal place.)
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