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From the following information, calculate the inventory turnover ratio: Inventory in the beginning = 18,000 Inventory at the end = 22,000 Net purchases = 46,000

From the following information, calculate the inventory turnover ratio:

Inventory in the beginning = 18,000 Inventory at the end = 22,000 Net purchases = 46,000 Wages = 14,000 Revenue from operations = 80,000 Carriage inwards = 4,000

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