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Given the following information, calculate the inventory turnover for ABC Co. for 2006 (pick closest number). (IN THOUSANDS OF $) 2016 2015 Sales $19,535 $15,470

Given the following information, calculate the inventory turnover for ABC Co. for 2006 (pick closest number).

(IN THOUSANDS OF $) 2016 2015

Sales $19,535 $15,470

Cost of goods sold $15,101 $11,184

Inventory $ 2,809 $ 2,260

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