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The following information was available for Novak Corp. at December 31, 2017: beginning inventory $75000; ending inventory $130000; cost of goods sold $628000; and sales

The following information was available for Novak Corp. at December 31, 2017: beginning inventory $75000; ending inventory $130000; cost of goods sold $628000; and sales $808000. Novak inventory turnover ratio (rounded) in 2017 was 4.8 times. 7.9 times. 8.4 times. 6.1 times.

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