Data Table

	Current Year	Previous Year
Balance Sheet
Cash. . . . . . . . . . . . . . . . .	$25,000	$33,000
Short-term investments. . . .	16,000	27,000
Accounts receivables, net. . .	55,000	74,000
Inventory. . . . . . . . . . . . . .	55,000	51,000
Prepaid expenses. . . . . . . . .	5,000	13,000
Total current assets. . . . . . . .	156,000	198,000
Accounts payable. . . . . . . . .	41,000	38,000
Total current liabilities. . . . .	95,000	89,000
Income Statement
Net sales. . . . . . . . . . . . . . . .	$464,000
Cost of goods sold. . . . . . . . .	370,000
Net income. . . . . . . . . . . . . . .	55,000

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Requirement 1e. Compute the inventory turnover. (Round your answer to two decimal places.) = Inventory turnover = times