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A company has $79,000 of inventory at the beginning of the year and $72,000 at...

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Accounting

A company has $79,000 of inventory at the beginning of the year and $72,000 at the end of the year. Sales revenue is $1,263,500, cost of goods sold is $801,500, and net income is $152,700 for the year. The inventory turnover ratio is closest to:

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