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During the year just ended, the retailer James Corporation purchased $447,000 of inventory. The inventory balance at the beginning of the year was $197,000. If

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During the year just ended, the retailer James Corporation purchased $447,000 of inventory. The inventory balance at the beginning of the year was $197,000. If the cost of goods sold for the year was $470,000, then the inventory turnover for the year was: Multiple Choice 2.70 2.39 253 270 239 2.53 241

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