Question: Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $436,189 Cost of goods sold
Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $436,189 Cost of goods sold during year 153,733 Accounts receivable, beginning of year 40,634 Accounts receivable, end of year 48,091 Inventory, beginning of year 34,124 Inventory, end of year 43,098 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 1 04 32.3 2.8
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