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Inventory Turnover Ratio: Requirement: Calculate inventory turnover ratio. Question: A company has cost of goods sold of $400,000 and average inventory of $80,000. What is

·Inventory Turnover Ratio:

Requirement: Calculate inventory turnover ratio.
Question: A company has cost of goods sold of $400,000 and average inventory of $80,000. What is the inventory turnover ratio?

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