What was the average inventory turnover

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Reference no: EM131556105

ABC Corp. had a total of $10,500,000 in sales for 2015. The beginning inventory at January 1, 2012 was valued at cost at $615,000. During the year, they purchased an additional $5,975,000 worth of inventory. At year end, the ending inventory count revealed that the remaining inventory was valued at cost at $764,300. What was the average inventory turnover for ABC for 2015?

Reference no: EM131556105

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