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During the year just ended, the retaller James Corporation purchased $425,000 of inwentory. The inventory balance at the beginning of the year was $175,000. If

During the year just ended, the retaller James Corporation purchased $425,000 of inwentory. The inventory balance at the beginning of the year was $175,000. If the cost of goods sold for the year was $450,000, then the inventory turnover for the year was: 277 2.62 200 2.57

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