During the current year, Carl Equipment Stores had net sales of $620 million, a cost of goods sold of $416 million, average accounts receivable of $72 million, and average inventory of $52 million.

Carl Equipment's inventory turnover rate is:

4 During the current year, Carl Equipment Stores had net sales of $620 million, a cost of goods sold of $416 million, average accounts receivable of $72 million, and average inventory of $52 million. Carl Equipment's inventory turnover rate is: eBook Multiple Choice 8.0 times. 12.0 times. 5.8 times. 1.5 times