Question: Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $526,521

Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)?

Sales on account during year $526,521
Cost of goods sold during year 222,326
Accounts receivable, beginning of year 43,186
Accounts receivable, end of year 51,860
Inventory, beginning of year 35,662
Inventory, end of year 40,232

a.4.9

b.13.9

c.5.9

d.19.7

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