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Microsoft Corporation is analyzing its inventory turnover ratio. The company had $50,000,000 in beginning inventory and $60,000,000 in ending inventory for the year. During the
Microsoft Corporation is analyzing its inventory turnover ratio. The company had $50,000,000 in beginning inventory and $60,000,000 in ending inventory for the year. During the year, cost of goods sold amounted to $200,000,000. Calculate the inventory turnover ratio for Microsoft Corporation.
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