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The following balance sheet information is provided for Gaynor Company: Assets Cash Accounts receivable Inventory Year 1 $. 2,550 $ 1,8?? 13,300 $27,500 $35,0ee Year
The following balance sheet information is provided for Gaynor Company: Assets Cash Accounts receivable Inventory Year 1 $. 2,550 $ 1,8?? 13,300 $27,500 $35,0ee Year 2 15, 3ee Assuming Year 2 cost of goods sold is $113,000, what is the company's inventory turnover? Multiple Choice 3.23 times 3.62 times 4.11 times
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