Question
Eagle Inc. purchased $80,000 of inventory during 2026. Eagle had the following balances on its annual Balance Sheets at the end of 2025 and 2026.
Eagle Inc. purchased $80,000 of inventory during 2026. Eagle had the following balances on its annual Balance Sheets at the end of 2025 and 2026. Eagle's sales were $174,000 during 2026. What is Eagle's inventory turnover ratio?
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