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XYZ Corporation has an average inventory of $50,000, cost of goods sold of $500,000, and an average accounts payable balance of $75,000. What is the
XYZ Corporation has an average inventory of $50,000, cost of goods sold of $500,000, and an average accounts payable balance of $75,000. What is the company's inventory turnover and accounts payable turnover ratios? (Present answer with solution)
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