Hannah Corporation purchased merchandise totaling $180,000 during the year.At the end of the year, the income statement showed $200,000 of cost of goods sold and ending inventory to $40,000.What was Hannah's inventory turnover?

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The Answer of Hannah Corporation purchased merchandise totaling $180,000 during the year.At the end of the year, the income statement showed $200,000 of cost of goods sold and ending inventory to $40,000.What was Hannah's inventory turnover?

Hannah Corporation Purchased Merchandise Totaling $180,000 During the Year