Which of the following represents the correct formula for, Financial Accounting

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Which of the following represents the correct formula for

Which of the following represents the correct formula for calculating raw materials inventory turnover for a manufacturer?

Raw materials purchased/Average raw materials inventory.

Average raw materials inventory/Raw materials used.

Raw materials used/Average raw materials inventory.

Ending raw materials/Raw materials used *365.

Raw materials used/Beginning raw materials inventory *365.

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Financial Accounting: Which of the following represents the correct formula for

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