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Elephant, Inc.'s cost of goods sold for the year is $2,800,000, and the average merchandise inventory for the year is $134,000. Calculate the inventory turnover

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Elephant, Inc.'s cost of goods sold for the year is $2,800,000, and the average merchandise inventory for the year is $134,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.) A. 9.52 times B. 20.9 times C. 4.79 times D. 10.45 times

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