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 $568,716
Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $568,716 Cost of merchandise sold during year 199,155 Accounts receivable, beginning of year 42,452 Accounts receivable, end of year 52,699 Merchandise inventory, beginning of year 33,328 Merchandise inventory, end of year 41,310 a. 43 b. 20,6 CS1 d. 15.2
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