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Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Cash Accounts receivable Inventory Total current assets Total assets Accounts
Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Cash Accounts receivable Inventory Total current assets Total assets Accounts payable Total liabilities Total stockholders' equity Sales (all on account) Cost of goods sold The company's inventory turnover for Year 2 is closest to: Year 21 $74,000 $255,000 $173,000 $564,000 $1,350,000 $170,000 $633,000 $717,000 $1,290,000 $700,000 Year 1 $130,000 $240,000 $180,000 $610,000 $1,330,000 $160,000 $620,000 $710,000 3.89 O 1.04 O 3.97 4.05
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