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Calculate the inventory turnover ratio of the company

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Question - Zebra, Inc. cost of goods sold for the year is $2,300,000, and the average merchandise inventory for the year is $130,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.)

5.65 times

17.69 times

8.85 times

9.43 times

Reference no: EM132104317

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