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Selected financial information for Finch Company for Year 4 follows: Sales Cost of goods soldi Merchandise inventory Beginning of year. End of year $1,550,000
Selected financial information for Finch Company for Year 4 follows: Sales Cost of goods soldi Merchandise inventory Beginning of year. End of year $1,550,000 1,085,000 154,000 193,000 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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