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During the year just ended, the retailer James Corporation purchased $434,000 of inventory. The inventory balance at the beginning of the year was $186,000.
During the year just ended, the retailer James Corporation purchased $434,000 of inventory. The inventory balance at the beginning of the year was $186,000. If the cost of goods sold for the year was $458,000, then the inventory turnover for the year was: Multiple Choice 2.63 2.46 2.83 2.49
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