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QUESTION 18 A firm that you are evaluating has revenues of $200,000, Costs of Goods sold of $100,000, and Net Income of $15,000. The balance

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QUESTION 18 A firm that you are evaluating has revenues of $200,000, Costs of Goods sold of $100,000, and Net Income of $15,000. The balance sheet of the firm is given below. Cash $ 10,000 Accounts payable $ 30,000 Receivables 50,000 Other current liabilities 20,000 Inventories 150,000 Long-term debt 50,000 Net fixed assets 90.000 Common equity 200.000 Total assets $300.000 Total liabilities and equity $300.000 What is Inventory Turnover for this firm? O 1.0 1.5 O 0.67 O 0.75

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