Sales revenue for the year was $1,600,000, gross profit was $640,000, and net income was...
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Accounting
Sales revenue for the year was $1,600,000, gross profit was $640,000, and net income was $72,000. One year ago, accounts receivable were $152,000, inventory was $220,000, total assets were $920,000, and stockholders' equity was $520,000. What the companys inventory turnover for the year? Select one: 3.0 0.4 03 4.0
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