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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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