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The following data are taken from the financial statements of the Keating Corporation: Sales = $945 Cost of goods sold = $618 Average accounts receivable

The following data are taken from the financial statements of the Keating Corporation: Sales = $945 Cost of goods sold = $618 Average accounts receivable = $367 Average Inventories = 210 What was Keating's inventory turnover?

	a.	2.94 times
	b.	1.26 times
	c.	4.50 times
	d.	2.21 times

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