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thedrunkmind thedrunkmind
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6 months ago

Memee Incorporated has a beginning inventory of $130,000 and an ending inventory of $180,000. Sales were $430,000. Assume Memee's markup rate on selling price is 25%. Based on the selling price, what is the inventory turnover at cost?

Note: Round to the nearest hundredth.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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culwri204culwri204
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6 months ago
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