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Inventory Turnover Ratio Calculation and Operating Margin Analysis: Calculate the inventory turnover ratio and analyze the operating margin for KLM Corporation with the following data:
- Inventory Turnover Ratio Calculation and Operating Margin Analysis:
Calculate the inventory turnover ratio and analyze the operating margin for KLM Corporation with the following data:
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- Cost of Goods Sold: $300,000
- Average Inventory: $60,000
- Net Sales: $400,000
- Operating Income: $150,000
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