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Based on the following data for the current year, what is the inventory turnover? Sales on account during year $562,442 Cost of goods sold during
Based on the following data for the current year, what is the inventory turnover?
Sales on account during year | $562,442 |
Cost of goods sold during year | 164,529 |
Accounts receivable, beginning of year | 48,631 |
Accounts receivable, end of year | 45,046 |
Inventory, beginning of year | 36,853 |
Inventory, end of year | 40,988 |
Do not round interim calculations. Round your final answer to one decimal place.
a.4.2
b.25.3
c.1.1
d.3.4
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