From January through June, Superior Advertising took three inventories of merchandise: $88,000, $188,200, and $124,600. The cost of merchandise sold during the six-month period was $601,200. What was the turnover rate for these six months?

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From January through June, Superior Advertising took three inventories of merchandise: $88,000, $188,200, and $124,600. The cost of merchandise sold during the six-month period was $601,200. What was the turnover rate for these six months?






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