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For the year 1998 a company had Sales of $830,000 and Cost of Silver Sold of $525,000. At the beginning of 1998 its Accounts Receivable

For the year 1998 a company had Sales of $830,000 and Cost of Silver Sold of $525,000. At the beginning of 1998 its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of 1998 its Accounts Receivable were $86,000 and its Inventory was $110,000. The inventory turnover ratio for the year 1998 was 6.0,5.0, 4.0, or 3.0

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