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full answered needed and answer for yellow box Universal Sports Supply began the year with an inventory balance of $82,000 and a year-end balance of
full answered needed and answer for yellow box
Universal Sports Supply began the year with an inventory balance of $82,000 and a year-end balance of $58,000. Sales of $570,000 generate a gross profit of $190,000 Calculate the inventory turnover ratio for the year. (Round your final answer to 1 decimal place.) Inventory Turnover Ratio times Universal Sports Supply ses Step by Step Solution
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