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Calculate the inventory turnover for a company

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Reference no: EM132965892

Problem 1: Given the following information, calculate the inventory turnover for a Company. Evaluate the trend results.

2014: Cost of goods sold- $1,043,000; Beginning inventory- $283,000; Ending inventory- $264,000.
2013: Cost of goods sold- $820,000; Beginning inventory- $311,000; Ending inventory- $283,000.

Reference no: EM132965892

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