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Question 1 (10 points) A company's assets consist of $64,783 of cash, $106,743 of accounts receivable, $264,476 of inventory, and $845,982 of plant and equipment.
Question 1 (10 points) A company's assets consist of $64,783 of cash, $106,743 of accounts receivable, $264,476 of inventory, and $845,982 of plant and equipment. Its liabilities consist of $58,432 of accounts payable, $23,876 of accruals, and $648,423 of long-term debt. The company's annual sales are $1,578,993, its earnings before interest and taxes are $157,899, it paid $58,358 of interest, and its tax rate is 30%. What is the company's inventory turnover? O 1) 4.9 O2) 7.5 3) 6.6 4) 5.8 5) 6,0
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