Question 1 0/1 Jiew Policies Show Attempt History Current Attempt in Progress X Inventory turnover is cost of goods sold divided by average inventory and is a measure of liquidity. The following information is available for Barkley Company: 2017 2016 Accounts receivable $360,000 280,000 $400,000 320,000 Inventory Net credit sales 3,000,000 1,400,000 Cost of goods sold 1,200,000 1,060,000 Net income 300,000 170,000 Calculate the inventory turnover for 2017. 2.0 times 4.3 times 2.4 times O 4.0 times Question 1 0/1 Jiew Policies Show Attempt History Current Attempt in Progress X Inventory turnover is cost of goods sold divided by average inventory and is a measure of liquidity. The following information is available for Barkley Company: 2017 2016 Accounts receivable $360,000 280,000 $400,000 320,000 Inventory Net credit sales 3,000,000 1,400,000 Cost of goods sold 1,200,000 1,060,000 Net income 300,000 170,000 Calculate the inventory turnover for 2017. 2.0 times 4.3 times 2.4 times O 4.0 times