Question: Selected year-end data for the Brayer Company are presented below: Current liabilities $560,000 Acid-test ratio 3.3 Current ratio 3.8 Cost of goods sold $460,000 The

Selected year-end data for the Brayer Company are presented below:

Current liabilities	$560,000
Acid-test ratio	3.3
Current ratio	3.8
Cost of goods sold	$460,000

The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was: (Round your answer to 2 decimal places.)

	1.64
	2.37
	1.22
	2.44

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