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Business, 15.04.2020 22:45 chaseashley24

Christa Babcock, owner of Babcock Corporation, knows that her company's cost of goods sold is $432,687 and that her company's inventory turnover ratio is 6.8 times per year. Babcock Corporation's gross profit margin is 51.9 percent. Christa knows that inventory levels vary depending on the time of year, but she wants to know her company's average inventory level. Babcock's average inventory level is:

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