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Waterway Company has a beginning merchandise inventory of $14000, an ending merchandise inventory of $26000, sales of $350000, and a cost of goods sold of

Waterway Company has a beginning merchandise inventory of $14000, an ending merchandise inventory of $26000, sales of $350000, and a cost of goods sold of $194000. Waterway's inventory turnover is 13.5 times. 7.5 times. 17.5 times. 9.7 times

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