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Selected financial information for Campbell Company for Year 4 follows: $2,200,000 1,540,000 Sales Cost of goods sold Merchandise inventory Beginning of year End of year
Selected financial information for Campbell Company for Year 4 follows: $2,200,000 1,540,000 Sales Cost of goods sold Merchandise inventory Beginning of year End of year 159,000 196,000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times
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