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Please answer quickly and show work thank you! At the beginning of the year, a companys inventory was $37000.00. At the end of the year,

Please answer quickly and show work thank you! At the beginning of the year, a companys inventory was $37000.00. At the end of the year, the inventory balance was $47500.00. The firm has sales of $729,000 and cost of goods sold of $478,000. What is the inventory turnover rate? Your Answer:

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