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What is the inventory turnover ratio

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Question - Beginning inventory is $50,000 and ending inventory is $70,000. Net sales totals $600,000 and cost of goods sold is $360,000. What is the inventory turnover ratio?

A. 10.0

B. 7.5

C. 6.0

D. 4.5

E. none of above

Reference no: EM132251609

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