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Requirements: Calculate the inventory turnover ratio using the following information: Beginning Inventory: $20,000 Ending Inventory: $15,000 Cost of Goods Sold: $100,000

  • Requirements: Calculate the inventory turnover ratio using the following information:
    • Beginning Inventory: $20,000
    • Ending Inventory: $15,000
    • Cost of Goods Sold: $100,000

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