Based on the following data for the current year, what is the inventory turnover? Do not...

 

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Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place. Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $428,337 192,270 41,196 54,330 35,453 39,630 Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place. Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $428,337 192,270 41,196 54,330 35,453 39,630

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The inventory turnover can be calculated using the formula Inventory Turnover Cost of Goods Sold ... View the full answer