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The following information was available for Concord Corporation at December 31, 2017: beginning inventory $95000;...

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Accounting

The following information was available for Concord Corporation at December 31, 2017: beginning inventory $95000; ending inventory $128000; cost of goods sold $620000; and sales $936000. Concord inventory turnover ratio (rounded) in 2017 was

Question 24 options:

6.5 times.

4.8 times.

8.4 times

5.6 times

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