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Posted on Sep 10, 2024

Early in 2022, A company switched to a just in time inventory system. its sales and inventory amounts for 2021 and 2022 are shown below.

2021 2022

Sales Revenue 3220000 3840000

Cost of Goods sold 1406250 1728000

Begining inventory 150000 225000

Ending inventory 225000 95000

Determine the inventory turnover for 2021 and 2022

(I think there is a question after that also asks for some sort of percent)

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