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The Income Statement for ABC Co for the year ended 12/31/2022 is reporting Cost of Goods Sold of $2,550,000. The balance sheet is reporting Inventory
The Income Statement for ABC Co for the year ended 12/31/2022 is reporting Cost of Goods Sold of $2,550,000. The balance sheet is reporting Inventory at 12/31/2021 of $400,000 and 12/31/2022 of $450,000.
What is the Inventory Turnover Ratio for 2022?
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