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In 2004, James, owner of James Television Sales Shop, had cost of goods sold of $358,358, in 2005, it was $365,069. On the last day
In 2004, James, owner of James Television Sales Shop, had cost of goods sold of $358,358, in 2005, it was $365,069. On the last day 2004, his inventory was $45,675, and on the last day of 2005 it was $51,559. What is the inventory turnover for 2005?
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