Question: Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $571,641 Cost of merchandise sold

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

Net sales on account during year $571,641
Cost of merchandise sold during year 216,813
Accounts receivable, beginning of year 47,835
Accounts receivable, end of year 54,374
Inventory, beginning of year 38,838
Inventory, end of year 44,896

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