Question: Question Content Area Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final

Question Content Area

Based on the following data for the current year, what is the inventory turnover? Do not round interim calculations. Round your final answer to one decimal place.

Line Item Description Amount
Sales on account during year $582,895
Cost of goods sold during year 201,322
Accounts receivable, beginning of year 42,028
Accounts receivable, end of year 49,233
Inventory, beginning of year 30,642
Inventory, end of year 42,837

a. 23

b. 5.5

c. 1.4

d. 2.9

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