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In a recent annual report, Concord Inc. reported beginning inventory of $1,200 million and ending inventory of $1,100 million, cost of goods sold of $6,900
In a recent annual report, Concord Inc. reported beginning inventory of
$1,200
million and ending inventory of
$1,100
million, cost of\ goods sold of
$6,900
million, and net sales of
$9,600
million.\ (a1)\ Compute Concord's inventory turnover. (Round answer to 2 decimal places, e.g. 7.62.)
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