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How many times did the merchandise inventory turnover

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Reference no: EM132174110

Question - Selected financial information for Fanning Company for 2019 follows:

Sales

$1,750,000

Cost of goods sold

1,225,000

Merchandise inventory

 

Beginning of year

151,000

End of year

193,000

Required - Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turnover during 2019?

Reference no: EM132174110

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