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During the year just ended, the retailer James Corporation purchased $431,000 of inventory. The inventory balance at the beginning of the year was $182,000. If
During the year just ended, the retailer James Corporation purchased $431,000 of inventory. The inventory balance at the beginning of the year was $182,000. If the cost of goods sold for the year was $456,000, then the inventory turnover for the year was:
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