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MC algo 16-39 Inventory Turnover Denver's Designs had sales for the year of $656,800 and cost of goods sold equal to 71 percent of sales.

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MC algo 16-39 Inventory Turnover Denver's Designs had sales for the year of $656,800 and cost of goods sold equal to 71 percent of sales. The inventory at the beginning of the year was $115,000 and the end-of-year inventory was $129,300. What was the inventory turnover? Multiple Choice O O 3.82 times O 0 4.06 times O 3.61 times O 5.38 times O 3.16 times

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