Question: Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $550,486

 Based on the following data for the current year, what isthe inventory turnover (rounded to one decimal place)? Sales on account duringyear $550,486 175,138 Cost of goods sold during year Accounts recelvable, beginning

Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $550,486 175,138 Cost of goods sold during year Accounts recelvable, beginning of year 44,544 Accounts recelvable, end of year 51,315 Inventory, beginning of year Inventory, end of year 40,240 oa. 14.8 ob. 19.5 . 3.7 od. 4.7 Assume the following sales data for a company: Current year $858,113 Preceding year 598,051 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? . 43.5% Ob. 73.8% . 30.396 Od. 13.2% Accounts receivable from sales transactions were $47,992 at the beginning of the year and $64,892 at the end of the year. Net income reported on the income statement for the year was $135,759. Exclusive of the effect of other adjustments, the cash flows from operating activitiles to be reported on the statement of cash flows prepared by the indirect method would be . $118,859 b. $135,759 C. $152,659 od. $16,900

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