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The following information was available for Crane Company at December 31, 2020: beginning inventory $49000; ending inventory $51000; cost of goods sold $300000; and sales

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The following information was available for Crane Company at December 31, 2020: beginning inventory $49000; ending inventory $51000; cost of goods sold $300000; and sales $1200000. Crane's inventory turnover in 2020 was 6.1 times. 5.9 times. 6.0 times. 24.0 times

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