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What was the inventory turnover for the year

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Question - The following information is for General Medical Company for the year 2010:

Net Sales $45,000

Cost of Goods Sold 22,000

Inventory, 1/1 5,000

Purchases 25,000

Accounts Receivable 1/1 10,000

Accounts Receivable 12/31 8,000

Required - What was the Inventory Turnover for the year 2010?

Reference no: EM132960613

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