Forman and Brasso Furniture Company had ending inventory of $146,400 this year, ending inventory of $152,200 last year, and $194,400 as cost of goods sold. Compute the inventory turnover rate.

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The Answer of Forman and Brasso Furniture Company had ending inventory of $146,400 this year, ending inventory of $152,200 last year, and $194,400 as cost of goods sold. Compute the inventory turnover rate.

Forman and Brasso Furniture Company Had Ending Inventory of $146,400