Question 24 The following information is available for Compton Company: Accounts receivable Inventory Net credit sales Cost of goods sold Net income O 4.4 times. O 4.9 times The inventory turnover ratio for 2013 is 6.2 times 2013 P 360,000 5.5 times. 340,000 2,470,000 1,860,000 300,000 2012 P 400,000 420,000 1,400,000 1,060,000 170,000