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The formula to calculate inventory turnover is: a.Average inventory/Cost of merchandise sold. b.Cost of merchandise sold/Ending inventory. c.Beginning inventory/Cost of merchandise sold. d.Cost of merchandise

The formula to calculate inventory turnover is:

a.Average inventory/Cost of merchandise sold.

b.Cost of merchandise sold/Ending inventory.

c.Beginning inventory/Cost of merchandise sold.

d.Cost of merchandise sold/Average inventory.

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