Consider a firm with an annual net income of $20 million, revenue of $60 million...
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Accounting
Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $20 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover?
12.50
10.00
40.00
8.00
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