Selected financial information for Fanning Company for Year 4 follows: Sales $2,400,000 1,680,000 Cost of goods...

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Selected financial information for Fanning Company for Year 4 follows: Sales $2,400,000 1,680,000 Cost of goods sold Merchandise inventory Beginning of year 155,000 193, 000 End of year Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times Selected financial information for Fanning Company for Year 4 follows: Sales $2,400,000 1,680,000 Cost of goods sold Merchandise inventory Beginning of year 155,000 193, 000 End of year Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times

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