Question: And learning resource from Cengage Learning Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)?
And learning resource from Cengage Learning Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year Cost of merchandise sold during year $553,106 165,108 Accounts receivable, beginning of year 42,520 Accounts receivable, end of year 53,062 Merchandise inventory, beginning of year 31,656 Merchandise inventory, end of year 42,180 Ca. 15 Ob. 19.5 Oc. 45 < Od. 3.5
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