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The financial data for Cullumber's Fresh Fruits Incorporated and Ivanhoe's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold
The financial data for Cullumber's Fresh Fruits Incorporated and Ivanhoe's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Jan. 1 Inventory Dec. 31 Cullumber's Fresh Fruits $10,268,910 $693,000 $713,700 Ivanhoe's Supermarket 54,407,880 4,842,400 1,071,500 (a) Your answer is incorrect. Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.g. 18.4.) Cullumber's Fresh Fruits Ivanhoe's Supermarket times times Inventory turnover
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