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Lewis Incorporated and Clark Enterprises report the following amounts for the year Calculate the inventory turnover ratio for each company. LEWIS CLARK Inventory (beginning)$15,000 $41,000

Lewis Incorporated and Clark Enterprises report the following amounts for the year

Calculate the inventory turnover ratio for each company.

LEWIS CLARK

Inventory (beginning)$15,000 $41,000

Inventory (ending) 9,000 51,000

Purchases 133,200 157,600

Purchase returns 6,00051,000

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