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Q 13.13: Determine inventory turnover for 2020 for Landscapes Unlimited given the following information: Net sales revenue Inventory balance (beginning) Gross profit Inventory balance (ending)

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Q 13.13: Determine inventory turnover for 2020 for Landscapes Unlimited given the following information: Net sales revenue Inventory balance (beginning) Gross profit Inventory balance (ending) Net income Total assets (ending) $1,600,000 216,000 540,500 237,000 300,000 980,000 7.06 times 4.47 times 4.91 times 4.68 times 3 Mark for Review Confidence

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