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During 2005, ABC Co. purchased $960,000 of inventory. The cost of goods sold for 2005 was $900,000, and the ending inventory at December 31, 2005,
During 2005, ABC Co. purchased $960,000 of inventory. The cost of goods sold for 2005 was $900,000, and the ending inventory at December 31, 2005, was $ 180,000. What was the inventory turnover for 2005? 06.4 06.0 053 5.0
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