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Net purchases of company t for that year

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Reference no: EM131081657

The rate of stockturn for Company T in the year 2006 was 12.5. At the start of that year the company held stock to the value of $327,950, and at the end of that year the value of stock held was $300,450.

Calculate the net purchases of Company T for that year.

Reference no: EM131081657

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