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Island Industries has a cost of goods sold of $1,900,000. The beginning and ending merchandise inventories are $130,000 and $122,000, respectively. Island Industries inventory turnover

Island Industries has a cost of goods sold of $1,900,000. The beginning and ending merchandise inventories are $130,000 and $122,000, respectively. Island Industries inventory turnover ratio is: (Round your final answer to two decimal places.)

A. 30.19 times. B. 15.08 times. C. 14.62 times. D. 15.57 times.

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