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Inventory Turnover Ratio Calculation with COGS: Requirements: Calculate the inventory turnover ratio using the cost of goods sold (COGS) with the following information: COGS: $220,000

Inventory Turnover Ratio Calculation with COGS:

  • Requirements: Calculate the inventory turnover ratio using the cost of goods sold (COGS) with the following information:
    • COGS: $220,000
    • Average Inventory: $35,000

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