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E 7 - 1 5 ( Algo ) Analyzing and Interpreting the Inventory Turnover Ratio [ LO 7 - 5 ] Clark & Scott Corporation

E7-15(Algo) Analyzing and Interpreting the Inventory Turnover Ratio [LO 7-5]
Clark & Scott Corporation is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions):
\table[[Net Sales Revenue,2017,2018],[Cost of Goods Sold,$5,200,$4,660
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