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Current Attempt in Progress The following information is available for Sunshine Bakery Ltd.: 2022 2021 Accounts receivable $72,000 $80,000 Inventory 56,000 64,000 credit sales

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Current Attempt in Progress The following information is available for Sunshine Bakery Ltd.: 2022 2021 Accounts receivable $72,000 $80,000 Inventory 56,000 64,000 credit sales 600,000 280,000 Cost of goods sold 240,000 212,000 Net Income 60,000 34,000 The inventory turnover ratio for 2022 is 4.0 times. 3.2 times. O 8.3 times. 5.0 times.

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