P palace provided the following information: Ending inventory, previous period Ending inventory, current period Sales, previous period Sales, current period $95,500 $105,500 $450.550 $540,450 Determine the inventory turnover for current period, assuming that gross profit for current year is $195,405. Answer Choices: a. 3.43 times b. 2.99 times c. 3.27 times d. 3.61 times
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Answer:
3.61 times
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Answer:
3.61
Explanation:
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