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Exercise 13-4A (Algo) Inventory turnover LO 13-2 Selected financial Information for Adams Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning
Exercise 13-4A (Algo) Inventory turnover LO 13-2 Selected financial Information for Adams Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year 51,500,000 1,050,000 158,000 200,000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise Inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover 6.00 times
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