Selected data for Susan's Store appear below. 2020 2019 Net sales $864,500 $510,000 Cost of goods sold 613,795 348,000 Inventory at end of year 80,370 95,000 Accounts receivable at end of year 154,000 112,000 (b) Compute the inventory turnover for 2020.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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