Question: Based on the following data for the current year, what is the inventory turnover? Sales on account during year $427,048 179,724 Cost of goods sold
Based on the following data for the current year, what is the inventory turnover? Sales on account during year $427,048 179,724 Cost of goods sold during year Accounts receivable, beginning of year 43,689 Accounts receivable, end of year 50,179 37,915 Inventory, beginning of year Inventory, end of year 41,721 Do not round interim calculations. Round your final answer to one decimal place. O a. 24 Ob. 1.1 C. 34 Od. 45
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