Hook Corporation has a cost of goods sold of $1,800,000. The beginning merchandise inventory was $191,000 and the ending merchandise inventory is $209,000. Hook's inventory turnover ratio is: (Round your final answer to two decimal places.)

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The Answer of Hook Corporation has a cost of goods sold of $1,800,000. The beginning merchandise inventory was $191,000 and the ending merchandise inventory is $209,000. Hook's inventory turnover ratio is: (Round your final answer to two decimal places.)

Hook Corporation Has a Cost of Goods Sold of $1,800,000