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What is the inventory turnover ratio

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Reference no: EM132513352

The records of Alberta Inc. included the following information:

Cost of goods sold$2,000,000

Beginning inventory 455,000

Ending inventory 505,000

Question 1: What is the inventory turnover ratio? (Round your answer to two decimal places.)

Multiple Choice

2.10 times
4.17 times
3.96 times
4.40 times

Reference no: EM132513352

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