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During 2017, Spencer Inc. purchased $1,056,000 of inventory. The cost of goods sold for 2017 was...

During 2017, Spencer Inc. purchased $1,056,000 of inventory. The cost of goods sold for 2017 was $990,000 and the ending inventory at December 31, 2017 was $198,000. What was the inventory turnover for 2017?

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