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Selected financial Information for Franklin Company for Year 4 follows: $2,300,000 1,610,000 Sales Cost of goods sola Merchandise Inventory stalning of year End of year

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Selected financial Information for Franklin Company for Year 4 follows: $2,300,000 1,610,000 Sales Cost of goods sola Merchandise Inventory stalning of year End of year 160.000 197,000 Required Assuming that the merchandise inventory buildup was relatively constant how many times did the merchandise inventory tumover during Year 47 (Round your answer to 2 decimal places.)

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