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Business, 10.03.2020 20:23 xXFLUFFYXx

The following information was available for Pete Company at December 31, 2013:
beginning inventory $90,000;
ending inventory $80,000;
cost of goods sold $656,000; and sales $900,000.
Required:
1. Pete's inventory turnover ratio in 2013 was .

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The following information was available for Pete Company at December 31, 2013:
beginning inve...
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