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Determine power corp inventory turnover

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Question - Power Corp. reported the following data for calendar 2020:

Total assets $625,000

Current assets 325,000

Total liabilities 300,000

Long-term liabilities 145,000

Inventories, Dec 31/19 110,000

Inventories, Dec 31/20 100,000

Net sales 1,550,000

Gross profit 920,000

Net income 205,000

Required - To two decimals, determine Power Corp.'s inventory turnover for 2020?

Reference no: EM133177082

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