Question: Based on the following data for the current year, what is the inventory turnover? $562,906 Net sales on account during year 168,742 Cost of goods

 Based on the following data for the current year, what is

Based on the following data for the current year, what is the inventory turnover? $562,906 Net sales on account during year 168,742 Cost of goods sold during year 45,946 Accounts receivable, beginning of year 45,768 Accounts receivable, end of year 39,566 Inventory, beginning of year 42,026 Inventory, end of year Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 3.3 1 26.5 4.1

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