Question: Based on the following data for the current year, what is the inventory turnover? Sales on account during year $469,883 158,963 Cost of goods sold
Based on the following data for the current year, what is the inventory turnover? Sales on account during year $469,883 158,963 Cost of goods sold during year Accounts receivable, beginning of year 40,461 54,874 Accounts receivable, end of year Inventory, beginning of year 35,647 Inventory, end of year 41,096 Do not round interim calculations. Round your final answer to one decimal place. Oa. 3 Ob. 1 Oc. 29.8 Od. 4.1
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