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QUESTION
Deborah Inc., an online retail store, recorded an inventory of $3,000 as of December 31, 2012. Its inventory stood at $3,500 on December 31, 2013.
1. Deborah Inc., an online retail store, recorded an inventory of $3,000 as of December 31, 2012. Its inventory stood at $3,500 on December 31, 2013. The cost of goods sold for the corresponding year was $15,000. Which of the following indicates the inventory turnover ratio of Deborah Inc.?
