4

Selected financial Information for Fanning Company for Year 4 follows: $2,050,000 1.435,000 Sales Cont of goods sold Merchandise inventory Beginning of year End of year 160,000 190,000 Required Assuming that the merchandise Inventory buildup was relatively constant, how many times did the merchandise Inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory tumover times