Question: Selected data pertaining to Lore Co. for the Year 4 calendar year is as follows: Net cash sales $ 3,000 Cost of goods sold 18,000

Selected data pertaining to Lore Co. for the Year 4 calendar year is as follows: Net cash sales $ 3,000 Cost of goods sold 18,000 Inventory at beginning of year 6,000 Purchases 24,000 Accounts receivable at beginning of year 20,000 Accounts receivable at end of year 22,000 What was Lores inventory turnover for Year 4?

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