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Business, 29.11.2021 23:30 kayla32213

A corporation manages inventory performance by monitoring its inventory turnover. Selected financial records for the corporation are as follows: Year 1 Year 2 Year 3 Annual sales $1,262,500 $1,062,500 $1,459,000 Gross annual profit percentage 45% 30% 40% The beginning finished goods inventory for Year 2 was 20% of Year 2 sales. The ending finished goods inventory for Year 2 was 18% of Year 3 sales. What was the corporation's inventory turnover for Year 2

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