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Ayayai Corp. had the following records: 2022 2021 Ending inventory $31850 $29100 Cost of goods sold 208600 209040 What is Ayayai's inventory turnover for 2022?
Ayayai Corp. had the following records:
| 2022 | 2021 | |||
|---|---|---|---|---|
| Ending inventory | $31850 | $29100 | ||
| Cost of goods sold | 208600 | 209040 |
What is Ayayai's inventory turnover for 2022? (rounded)
7.2 times
6.8 times
6.9 times
6.5 times
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