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Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below:
| | 2018 | 2017 |
| Accounts receivable | $82,000 | $82,000 |
| Inventory | 87,000 | 79,000 |
| Net sales | 470,000 | 379,000 |
| Cost of goods sold | 258,000 | 226,000 |
| Total assets | 820,000 | 775,000 |
| Total stockholders' equity | 475,000 | 455,000 |
| Net income | 77,000 | 58,000 |
TPX Company's 2018 inventory turnover is:
5.7 times
3.0 times
5.4 times
3.1 times
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