Question: Based on the following data for the current year, what is the inventory turnover? Net sales on account during year Cost of merchandise sold

Based on the following data for the current year, what is the inventory turnover? Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year O 5.0 4.0 O 3.7 8.3 $500,000 400,000 45,000 35,000 125,000 75,000

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