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Selected year-end data for the Brayer Company are presented below: Current liabilities $470,000 Acid-test ratio 2.4 Current ratio 2.9 Cost of goods sold $370,000 The

Selected year-end data for the Brayer Company are presented below:

Current liabilities $470,000
Acid-test ratio 2.4
Current ratio 2.9
Cost of goods sold $370,000

The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was: (Round your answer to 2 decimal places.)

1.57
1.27
2.54
2.47

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