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the records of Kaitlyn corp showed the following on December 31,2020: gross purchases 380,000 purchase returns 20,000 gross profit 420,000 beginning inventory 30,000 net sales

the records of Kaitlyn corp showed the following on December 31,2020:
gross purchases 380,000
purchase returns 20,000
gross profit 420,000
beginning inventory 30,000
net sales revenue 700,000
sales revenue 50,000
calculate kaitlyn corp inventory turnover ratio for 2020?

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