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Universal Sports Supply began the year with an inventory balance of $65,000 and a year-end...

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Accounting

Universal Sports Supply began the year with an inventory balance of $65,000 and a year-end balance of $75,000. Sales of $750,000 generate a gross profit of $250,000. Calculate the inventory turnover ratio for the year. Universal Sports Supply Inventory Turnover Ratio Numerator/Denominator Amounts times
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Universal Sports Supply began the year with an inventory balance of $65,000 and a year-end balance of $75,000. Sales of $750,000 generate a gross profit of $250.000. Calculate the inventory turnover ratio for the year

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