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Exercise 9 - 4 A ( Algo ) Inventory turnover LO 0 9 - 0 2 Selected financial information for Solomon Company for Year 4

Exercise 9-4(Algo) Inventory turnover LO 09-02Selected financial information for Solomon Company for Year 4 follows:\table[[Sales,$2,350,000
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es Exercise 9-4A (Algo) Inventory turnover LO 09-02 Selected financial information for Solomon Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $ 2,350,000 1,645,000 151,000 194,000 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. Merchandise inventory turnover times

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