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The following data were taken from the annual report of Quinton Inc. Cost of goods sold...

The following data were taken from the annual report of Quinton Inc. Cost of goods sold Inventory at end of year Inventory at start of year $212,000 25,000 75,000 a. Determine the inventory turnover for Quinton Inc. b. Quinton’s competitor, Ng Inc., has a turnover of 3. Which company is more efficient?

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