6 pts D Question 13 The following data are for Faris Company: $790 Accounts Payable 940 Accounts Recevable 1.570 Capital Stock 300 Cost o ods Sold 3,500 1.900 Inventory Long-term Debt 3,600 Net Income 310 2000 Property, Plant, and Equipment (net) Retained Earnings (180) Sales 2,300 Note: The retained earnings amount reported is as of the END of the year after the closing entries have been made) and is a NEGATIVE amount Compute Inventory Turnover. Note: If you need to compute the average balance for any account, assume that the beginning-of- year balance is the same as the end-of-year balance reported above. 117 1.84 0.3.97 198.14 0.54 149.17 67237 0.85