Question: Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $418,974 Cost of goods sold

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? Net sales on account during year $418,974 Cost of goods sold during year 165,391 Accounts receivable, beginning of year 42,206 Accounts receivable, end of year 46,725 Inventory, beginning of year 36,069 Inventory, end of year 44,506 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 0 1 35.1 04.1 O 2.5

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