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QUESTION
Crestwood Department Store had net credit sales of $13,000,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year...
Crestwood Department Store had net credit sales of $13,000,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted to $2,500,000. The inventory turnover ratio for the year is
