Wild Things Inc., has the following information as of December 31,2018 :

Sales revenue. . . . . . . . . . . . . .		$675,000
Cost of goods sold:
Beginning inventory. . . .	$38,000
Net purchases. . . . . . . . .	426,500
Cost of goods available.	464,500
Ending inventory. . . . . . .	36,400
Cost of goods sold. . . . .		428,100
Gross profit. . . . . . . . . . . . . . . . .		246,900
Operating expenses. . . . . . . . . .		125,300
Net income. . . . . . . . . . . . . . . . .		$121,600

Requirement 1. Compute the rate of inventory turnover for

Wild ThingsWild Things ,

Inc., for the year ended

December

Round the result to two decimal places.

- Rate of inventory turnover Choose from any list or enter any number in the input fields and then click Check