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Exercise 9-4A (Algo) Inventory turnover LO 9-2 Selected financial information for Franklin Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory

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Exercise 9-4A (Algo) Inventory turnover LO 9-2 Selected financial information for Franklin Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $1,900,000 1,330,000 151,000 191,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times:

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