What is the inventory turnover for 2004

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Reference no: EM131340490

On 1 January 2004 Amit & Frances Co's inventory was EUR 400,000.

During 2004 the company purchased EUR 1,900,000 of additional inventory, and on 31 December 2004 the total inventory was EUR 500,000. What is the inventory turnover for 2004?

Reference no: EM131340490

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