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What are the inventory turns for jewelry store

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Reference no: EM131838441

An online (internet only) jewelry store has the following values on its annual reports: Cost of Goods Sold = $240,000

Average Inventory = $20,000

What are the inventory turns for this jewelry store?

a) 0.08

b) 12

c) 120

d) 20

Reference no: EM131838441

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