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The average inventory at cost for the year for Media Industries was $ 1 6 2 , 3 0 0 . Their cost of goods
The average inventory at cost for the year for Media Industries was $ Their cost of goods sold for the year was $ The inventory turnover rate published for a business of this size is times.
Calculate the actual inventory turnover rate at cost for the company. Round your answer to the nearest tenth
A times
If the turnover rate is below the industry average of times, calculate the target average inventory needed to match the industry standard
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