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Universal Sports Supply began the year with an inventory balance of $77,000 and a year-end balance of $48,000. Sales of $520,000 generate a gross profit

Universal Sports Supply began the year with an inventory balance of $77,000 and a year-end balance of $48,000. Sales of $520,000 generate a gross profit of $270,000. Calculate the inventory turnover ratio for the year. (Round your answer to 1 decimal place.)

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