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Misses sportswear had an opening inventory of $127,000 at retail and $75,000 at cost. Net sales for the period were $50,000. If the closing inventory

Misses sportswear had an opening inventory of $127,000 at retail and $75,000 at cost. Net sales for the period were $50,000. If the closing inventory was $145,000 at retail, what was the stock turnover rate for the period?

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