Calculate the inventory turnover for the retailer

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Reference no: EM131708471

Last year, an online retailer of gennis equipment carried an average inventory of $6,900,000. The retailer reported sales revenue of $60,000,000 last year with a cost of goods sold of $26,900,000. Use this information to calculate the inventory turnover for the retailer last year.

The inventroyt turnover for the retailer is ______ turns per year. (Enter your response rounded to two decimal places)

Reference no: EM131708471

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