Question: question 29. Based on the following data for the current year, what is the inventory turnover? Sales on account during year $521,572 Cost of goods

question 29.

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

Sales on account during year $521,572
Cost of goods sold during year 217,549
Accounts receivable, beginning of year 45,839
Accounts receivable, end of year 53,623
Inventory, beginning of year 30,340
Inventory, end of year

44,674

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