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During 2020, R. Te, Inc. purchased P900,000 of inventory. The cost of goods sold for 2020 was P990,000, and the ending inventory at December 31,

During 2020, R. Te, Inc. purchased P900,000 of inventory. The cost of goods sold for 2020 was P990,000, and the ending inventory at December 31, 2020 was P180,000. What was the inventory turnover for 2020? Note: Round off your answer to one decimal place (x.x)image text in transcribed

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