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What is the inventory turnover

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Question - On January 1, 2022, Bulldogs Inc. has an inventory account has a balance of P450,000. During the year, Bulldogs Inc. purchased P2,950,000 additional merchandise. On December 31, 2022, the inventory was counted and determined to have a balance of P925,000. What is the inventory turnover for 2022?

Reference no: EM133123356

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