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Kopas Corporation has provided the following data: This Year Last Year Accounts receivable $89,000 $107,000 Inventory $160,000 $156,000 Sales on account $627,000 Cost of goods

Kopas Corporation has provided the following data: This Year Last Year Accounts receivable $89,000 $107,000 Inventory $160,000 $156,000 Sales on account $627,000 Cost of goods sold $488,000 The inventory turnover for this year is closest to: 3.09 0.98 1.03 3.05

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