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(Solved): Excerpts from Andre Company's financial statements are presented below: December 31 Year 2 Year 1 ...



Excerpts from Andre Company's financial statements are presented below: December 31 Year 2 Year 1 Accounts receivable $ 41,000 $ 38,000 Inventory 22,000 43,000 Net sales 196,000 198,000 Cost of goods sold 118,000 118,000 Total assets 428,000 410,000 Total stockholders' equity 243,000 233,000 Net income 40,000 37,000 What is the inventory turnover ratio for Year 2? Note: Round your answer to two decimal places. Multiple Choice 8.95 times 5.36 times 3.63 times 6.03 times



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