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Vaughn, Inc. had net credit sales of $9200000 and cost of goods sold of $5090000 for the year. The average inventory for the year amounted

Vaughn, Inc. had net credit sales of $9200000 and cost of goods sold of $5090000 for the year. The average inventory for the year amounted to $636250. The inventory turnover for the year is 8.0 times. 9.0 times. 9.4 times. 14.5 times

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