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QUESTION
During 2013, Rand Co. purchased P960,000 of inventory. The cost of goods sold for 2013 was P900,000, and the ending inventory at December 31, 2013...
During 2013, Rand Co. purchased P960,000 of inventory. The cost of goods sold for 2013 was P900,000, and the ending inventory at December 31, 2013 was P180,000. What was the inventory turnover for 2013?
