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Rouse Incorporated reported sales, cost of sales, and inventory figures for 2010 and 2011 as follows (all dollars in thousands): Sales Cost of Goods Sold Inventory 2010 $100 $85 $27 2011 $110 $90 $35 1. What is the amount of inventory turnover for each year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9990970

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