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During the current year, Carl Equipment Stores had net sales of $560 million, a cost of goods sold of $552 million, average accounts receivable of
During the current year, Carl Equipment Stores had net sales of $560 million, a cost of goods sold of $552 million, average accounts receivable of $66 million, and average inventory of $46 million. Carl Equipment's inventory turnover rate is: Multiple Choice 8.4 times. O 12.0 times. O 1.0 times. 13.0 times
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