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Compute the inventory turnover

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Reference no: EM133150141

Question - Selected data for Lisa's Store appear below.

 

2020

2019

Net sales

$810,000

$550,000

Cost of goods sold

623,700

366,000

Inventory at end of year

67,925

88,000

Accounts receivable at end of year

154,000

116,000

Required - Compute the inventory turnover for 2020.

Reference no: EM133150141

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