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Universal Sports Supply began the year with an inventory balance of $80,000 and a year-end balance of $60,000. Sales of $600,000 generate a gross profit

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Universal Sports Supply began the year with an inventory balance of $80,000 and a year-end balance of $60,000. Sales of $600,000 generate a gross profit of $200,000. Calculate the inventory turnover ratio for the year. (Round your final answer to 1 decimal place.)

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