Question: Calculator Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $562,906 Cost of goods
Calculator Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $562,906 Cost of goods sold during year 168,742 Accounts receivable, beginning of year 45,946 Accounts receivable, end of year 45,768 Inventory, beginning of year 39,566 Inventory, end of year 42,026 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 3.3 1 26.5 04.1
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