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Selected financial information for Thornton Company for 2019 follows: $2,300,000 1,610,000 Sales Cost of goods sold Merchandise inventory Beginning of year End of year 160,
Selected financial information for Thornton Company for 2019 follows: $2,300,000 1,610,000 Sales Cost of goods sold Merchandise inventory Beginning of year End of year 160, e 199,00 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2019? (Round your answer to 2 decimal places.) Merchandise inventory turnover times
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