Question: Based on the following data for the current year, what is the inventory turnover? Sales on account during year $483,889 Cost of goods sold during
Based on the following data for the current year, what is the inventory turnover? Sales on account during year $483,889 Cost of goods sold during year 152,518 47,213 Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year 53,435 38,801 Inventory, end of year 39,939 Do not round interim calculations. Round your final answer to one decimal place. a. 3.9 Oa. Ob. 1 Oc. 3.2 Od. 29.7 k
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