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Selected data pertaining to Castile Co. for the current calendar year is as follows: Net sales: $36,000 Cost of goods sold: $18,000 Inventory at beginning
Selected data pertaining to Castile Co. for the current calendar year is as follows:
Net sales: $36,000
Cost of goods sold: $18,000
Inventory at beginning of year: $6,000
Purchases: $24,000
What was the inventory turnover for the current year?
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