Question: URGENT Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year

URGENT

Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)?

Sales on account during year $407,068
Cost of goods sold during year 166,971
Accounts receivable, beginning of year 41,101
Accounts receivable, end of year 54,802
Inventory, beginning of year 34,238
Inventory, end of year 43,762

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