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Selected financial information for Walton Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $2,050,000
Selected financial information for Walton Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $2,050,000 1,435,000 159,000 191,000 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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