Marathon Sports had inventory of $8,000 on Jan 1, 2017, and $12,000 on Dec 31,...
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Accounting
Marathon Sports had inventory of $8,000 on Jan 1, 2017, and $12,000 on Dec 31, 2017. Sales for 2017 were $250,000 and the company's gross profit ratio was 35%. What was the inventory turnover ratio for 2016?
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