On January 1, Veltron International has inventory worth $599,900 at cost. At the end of...
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Accounting
On January 1, Veltron International has inventory worth $599,900 at cost. At the end of the year, the cost value of the inventory was $173,200. If annual cost of goods sold was $1,609,170, find the inventory turnover at cost for the year.
Round your answer to the nearest tenth.
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