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RRRs income statement for 2019 and its balance sheets for 2019 and 2018 are shown below. Please use them to answer questions (5) through (10).
RRRs income statement for 2019 and its balance sheets for 2019 and 2018 are shown below. Please use them to answer questions (5) through (10).
2019 | |
Revenue | 110 |
Cost of sales | 60 |
Other operating expenses | 30 |
Operating income | 20 |
Financial expense | 3 |
Tax expense | 3 |
Net income | 14 |
2019 | 2018 | 2019 | 2018 | ||
Cash | 15 | 10 | Accounts payable | 27 | 22 |
Inventory | 30 | 20 | Financial obligations | 30 | 30 |
Receivables | 12 | 8 | |||
Fixed assets | 50 | 60 | Equity | 55 | 51 |
Goodwill | 5 | 5 | |||
Total assets | 112 | 103 | Liabilities & equity | 112 | 103 |
What was the average number of times that RRR restocked its inventory?
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