Selected financial information for Feemster Company for 2012 follows.

Sales	$125,000
Cost of goods sold	96,000
Merchandise inventory
Beginning of year	11,000
End of year	23,000

Required:

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2012? (Round your answer to 2 decimal places.)

Inventory turnover

times