Question: Based on the following data for the current year, what is the inventory turnover? Sales on account during year $486,648 Cost of goods sold during

Based on the following data for the current year, what is the inventory turnover?

Sales on account during year $486,648
Cost of goods sold during year 202,837
Accounts receivable, beginning of year 44,615
Accounts receivable, end of year 52,390
Inventory, beginning of year 30,492
Inventory, end of year 39,236

4.8

14

19.8

5.8

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