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The following company information is available: Average accounts receivable $800,000 Average inventories 120,000 Average accounts...

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Accounting

The following company information is available: Average accounts receivable $800,000 Average inventories 120,000 Average accounts payable 110,000 Net sales 6,000,000 Cost of goods sold 1,600,000 Purchases 1,140,000 What is the company's inventory turnover ratio? (Round your answer to one decimal place, X.X.)

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