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Avanti corporation had beginning inventory 50000 cost of

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Avanti Corporation had beginning inventory $50,000, cost of goods purchased $350,000, and ending inventory $100,000. What was Avanti's inventory turnover?

  1. 3 times.
  2. 4 times.
  3. 5.33 times.
  4. 6 times.

Reference no: EM13568931

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