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During fiscal year 2020, a company reports cost of goods sold (COGS) of $24,578,200. The balance sheet shows ending inventory for FY 2020 of $2,642,820
During fiscal year 2020, a company reports cost of goods sold (COGS) of $24,578,200.
The balance sheet shows ending inventory for FY 2020 of $2,642,820 and ending inventory for FY 2019 of $2,375,100.
What is the company's inventory turnover ratio for FY 2020? Round your answer to one decimal place, e.g., xx.x.
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