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The following comparative cost information is available for Culver Limited: Culver's current assets are $443,000, exclusive of inventory. Its current liabilities are $359,000. (a) Calculate

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The following comparative cost information is available for Culver Limited: Culver's current assets are $443,000, exclusive of inventory. Its current liabilities are $359,000. (a) Calculate Culver's inventory turnover ratio assuming the company uses (1) FIFO and (2) average cost to determine the cost of the ending inventory. (Round answers to 1 decimal place, e.s. 15.2.)

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