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Q6.29: Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years is listed below: Net

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Q6.29: Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years is listed below: Net sales revenue Cost of goods sold Beginning inventory Ending inventory 2021 $650,000 300,000 60,000 54,000 2022 $750,000 300,000 54,000 15,000 How many times did inventory turnover increase as a result of the switch to the JIT system? 15.2 times B 3.4 times 11.9 times D 7.3 times

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