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Exercise 14-4A (Algo) Inventory turnover LO 14-2 Selected financial information for Benson Company for Year 4 follows: Sales $ 1,850,000 Cost of goods sold 1,295,000
Exercise 14-4A (Algo) Inventory turnover LO 14-2
Selected financial information for Benson Company for Year 4 follows:
Sales | $ 1,850,000 |
---|---|
Cost of goods sold | 1,295,000 |
Merchandise inventory | |
Beginning of year | 154,000 |
End of year | 195,000 |
Required
Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4?
Note: Round your answer to 2 decimal places.
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