Question: Based on the following data for the current year, what is the inventory turnover? Sales on account during year $553,004 Cost of goods sold during

Based on the following data for the current year, what is the inventory turnover? Sales on account during year $553,004 Cost of goods sold during year 196,718 Accounts receivable, beginning of year 45,699 Accounts receivable, end of year 46,380 Inventory, beginning of year 32,061 Inventory, end of year 43,575 Do not round interim calculations. Round your final answer to one decimal place.

a.5.2 b.25 c.2.8 d.1.3

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