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TB MC Qu. 16-76 (Algo) During the year just ended, the... During the year just ended, the retailer James Corporation purchased $438,000 of inventory. The

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TB MC Qu. 16-76 (Algo) During the year just ended, the... During the year just ended, the retailer James Corporation purchased $438,000 of inventory. The inventory balance at the beginning of the year was $192,000. If the cost of goods sold for the year was $463,000, then the inventory turnover for the year was: Multiple Choice 2.41 O O 2.58 O 2.77 O 2.44

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