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On January 1,2012,Deputron Company's Beginning Inventory Was $600,000

Question 47

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On January 1,2012,Deputron Company's beginning inventory was $600,000.During 2012,the company purchased $2,600,000 of additional inventory,and on December 31,2012 Creek's ending inventory was $565,000.
Required:
What was Deputron's inventory turnover for 2012? 

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4.5 times.
Calculations: Cost of goods s...

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