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1 March, 17:23

Giorgio had cost of goods sold of $9,565 million, ending inventory of $2,233 million, and average inventory of $2,109 million. its inventory turnover equals:

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  1. 1 March, 20:10
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    cost of goods sold = $9,565 million

    ending inventory of = $2,233 million

    average inventory = $2,109 million

    Inventory Turnover = Cost of Goods Sold/Average Inventory

    Inventory Turnover = $9,565 / $2,109 = 4.535 times
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