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Following is select information for Park Company: 2020 Income Statement Sales revenue $3,640 Cost of goods sold (1,400) Balance Sheet 2020 December 31, 2019 December

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Following is select information for Park Company: 2020 Income Statement Sales revenue $3,640 Cost of goods sold (1,400) Balance Sheet 2020 December 31, 2019 December 31, Inventories $ 220 $ 280 Total assets 3,800 4,400 All sales were credit sales. The 2020 inventory turnover is: 6.37 07.45 5.60 4.92

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