Selected financial information for Baird Company for Year 4 follows: Sales Cost of goods sold Merchandise...

Transcribed Image Text:

Selected financial information for Baird Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $ 2,500,000 1,750,000 157,000 198,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? Note: Round your answer to 2 decimal places. Merchandise inventory turnover times Selected financial information for Baird Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $ 2,500,000 1,750,000 157,000 198,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? Note: Round your answer to 2 decimal places. Merchandise inventory turnover times