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The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods sold $680000; and sales

The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods sold $680000; and sales $936000. Oriole inventory turnover ratio (rounded) in 2017 was

9.0 times.

5.5 times.

8.1 times.

6.5 times.

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