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The Intramural Sports Club reports sales revenue of exist730,000. Inventory at both the beginning and end of the year totals exist190,000. The inventory turnover ratio

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The Intramural Sports Club reports sales revenue of exist730,000. Inventory at both the beginning and end of the year totals exist190,000. The inventory turnover ratio for the year is 3.1. What amount of gross profit does the company report in its income statement

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