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The following selected information is from the most current month of activity for Marner Industries.Beginning inventory: $ 2 0 , 0 0 0 Ending inventory:

The following selected information is from the most current month of activity for Marner Industries.Beginning inventory: $20,000Ending inventory: $24,000Gross sales: $192,000Sales returns and discounts: $12,000Purchases: $80,000Purchase returns and discounts: $4,000Freight paid on purchases: $5,000Based on this information, the inventory turnover ratio for Marner Industries is04.683.453.503.21

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