Universal Sports Supply began the year with an inventory balance of $65.000 and a year-end...
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Accounting
Universal Sports Supply began the year with an inventory balance of $65.000 and a year-end balance of $75,000. Sales of $750,000 generate a gross profit of $250,000. Calculate the Inventory turnover ratio for the year. (Round your final answer to 1 decimal place.) Inventory Tumover Ratio Universal Sports Supply
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