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The year-end financial statements of Glass Corporation reported the following information: Year 2 Year 1 Net sales $168,650 $145,626 Cost of sales 141,236 120,424 Inventories,

The year-end financial statements of Glass Corporation reported the following information: Year 2 Year 1 Net sales $168,650 $145,626 Cost of sales 141,236 120,424 Inventories, net 14,760 14,001 The inventory turnover ratio for Year 2 is (round your answer to 2 decimal places, for example 6.75)

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Principles of Corporate Finance

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