Assuming that the merchandise inventory buildup was

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Reference no: EM13574745

Selected financial information for Atwell Company for 2009 follows.

Sales

$1,500,000

Cost of goods sold

1,200,000

Merchandise inventory


Beginning of year

180,000

End of year

220,000

Required

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2009?

Reference no: EM13574745

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