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Which of the following statements is correct regarding the calculation of the inventory turnover ratio! Calculated: Net Sales/Average Inventory Calculated: 365/Inventory Tumover. Calculated: COGS/Average Inventory.

Which of the following statements is correct regarding the calculation of the inventory turnover ratio! Calculated: Net Sales/Average Inventory Calculated: 365/Inventory Tumover. Calculated: COGS/Average Inventory. Calculated: COGS/Ending Inventory

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