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help Universal Sports Supply began the year with an inventory balance of $84,000 and a year-end balance of $56,000. Sales of $540,000 generate a gross
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Universal Sports Supply began the year with an inventory balance of $84,000 and a year-end balance of $56,000. Sales of $540,000 generate a gross profit of $180,000. Calculate the inventory tumover ratio for the year (Round your final answer to 1 decimal place.) Inventory Turnover Ratio Universal Sports Supply mes Step by Step Solution
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