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Unformatted text preview: osts $1.00. The problem also tells us that on average, the store
has 350 pounds of inventory on hand. By dividing the Cost of Goods Sold by Average aggregate
Inventory Value, We can figure the Inventory Turns. This means that their inventory turns 148.6 times a
year. * 52 = .35
3. Chapter 16 – Problem 15
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This document was uploaded on 03/18/2014.
- Winter '14