Question: Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one

Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place.

Line Item Description Amount
Sales on account during year $510,780
Cost of goods sold during year 197,018
Accounts receivable, beginning of year 48,806
Accounts receivable, end of year 52,652
Inventory, beginning of year 34,245
Inventory, end of year 37,726

a. 5.5

b. 25.7

c. 2.6

d. 1.4

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