Camerons inventory turnover during 20X9 was (amounts rounded)

The following information applies to Questions 17:Camerons Accounts 20X9 20X8

Cash and cash equivalents $ 5,550 $ 5,094

Net receivables 1,813 1,611

Merchandise inventory 1,324 1,500

Prepaid expenses 1,709 2,120

Total current assets 10,396 10,325

Other assets 18,500 15,737

Total assets $ 28,896 $ 26,062

Total current liabilities $ 7,230 $ 8 ,467

Long-term liabilities 4,798 3,792

Common stock 6,568 4,363

Retained earnings 10,300 9,440

Total liabilities and equity $ 28,896 $ 26,062

Net sales revenue $ 25,000

Cost of goods sold 7,055

Operating expenses 7,064

Operating income 6,821

Interest expense 210

Income tax expense 2,563

Net income $ 8,107