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Based on the following data for the current year, what is the inventory turnover? Sales on account during year $ Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Merchandise inventory, beginning of year Merchandise inventory, end of year 700,000 270,000 45,000 35,000 90,000 110,000 a) 9.7 Ob) 2.5 c) 3.0 d) 2.7