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Business, 05.02.2020 10:58 natu2072

The following balances come from the financial statements of way industries: sales revenue $850,000; accounts receivable $280,000; beginning inventory $50,000; ending inventory $30,000; net purchases $460,000; sales returns $50,000; sales discount $20,000. given this information, what is the company's inventory turnover ratio? a) 28.33. b) 16.0. c)21.25. d) 12.0.

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