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The Intramural Sports Club reports sales revenue of $650.000. Inventory at both the beginning and...

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The Intramural Sports Club reports sales revenue of $650.000. Inventory at both the beginning and end of the year totals $140,000 The Inventory turnover ratio for the year is 3.6 What amount of gross profit does the company report in its income statement? THE INTRAMURAL SPORTS CLUB Income Statement (partial

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