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Based on the following data for the current year, what is the inventory turnover? Sales on account during year $486,648 Cost of goods sold during
Based on the following data for the current year, what is the inventory turnover?
Sales on account during year | $486,648 |
Cost of goods sold during year | 202,837 |
Accounts receivable, beginning of year | 44,615 |
Accounts receivable, end of year | 52,390 |
Inventory, beginning of year | 30,492 |
Inventory, end of year | 39,236 |
4.8
14
19.8
5.8
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