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Problem: Module 4 Textbook Problem 2 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity Selected financial information for Solomon Company for Year 4

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Problem: Module 4 Textbook Problem 2 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity Selected financial information for Solomon Company for Year 4 follows: Sales Cost of stoods sold Merchandise inventory Beginning of year End of year $2,450,000 1,715,000 155,000 197.000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times

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