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QUESTION 2 Calculate the inventory turnover Beginning inventory $334,000 Ending inventory $368,000 Gross Margin $1,521,000 Net Income $421,200 Net Sales $3,802,500 9 1.20 3.13 6.50

QUESTION 2 Calculate the inventory turnover Beginning inventory $334,000 Ending inventory $368,000 Gross Margin $1,521,000 Net Income $421,200 Net Sales $3,802,500 9 1.20 3.13 6.50 10.83

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