What is the Hanna Inc.s inventory turnover at the end of the year? Use the following Hanna,

 What is the Hanna Inc.’s inventory turnover at the end of the year?

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Use the following Hanna, Inc. information for this and the next seventeen questions. Hanna Inc. Assets Current assets Cash Accounts receivable Inventory Total Current Assets Fixed assets Net plant and equipment Total assets Liabilities and owners' equity Current liabilities Accounts payable Notes payable Other Total Current Liabilities Long-term debt Owners' equity Paid-in capital Accumulated retained earnings Total Equity Total liabilities and owners' equity Income statement Sales -Cost of goods sold -SG&A expenses -Depreciation EBIT -Interest paid Taxable income Taxes Net income 0.3 Dividends Retained earnings 7,033 2,382 26,000 9,600 300 1,800 14,300 850 13,450 4,035 9,415 Beginning 2,150 3,200 7,200 12,550 24,450 37,000 2,200 1,400 100 3,700 10,000 22,000 1,300 23,300 37,000 Market Data Shares of stock outstanding Market price End 2,650 3,950 7,500 14,100 26,500 40,600 3,200 1,000 218 4,418 10,500 22,000 3,682 25,682 40,600 10,000 $24/share Use the following Hanna, Inc. information for this and the next seventeen questions. Hanna Inc. Assets Current assets Cash Accounts receivable Inventory Total Current Assets Fixed assets Net plant and equipment Total assets Liabilities and owners' equity Current liabilities Accounts payable Notes payable Other Total Current Liabilities Long-term debt Owners' equity Paid-in capital Accumulated retained earnings Total Equity Total liabilities and owners' equity Income statement Sales -Cost of goods sold -SG&A expenses -Depreciation EBIT -Interest paid Taxable income Taxes Net income 0.3 Dividends Retained earnings 7,033 2,382 26,000 9,600 300 1,800 14,300 850 13,450 4,035 9,415 Beginning 2,150 3,200 7,200 12,550 24,450 37,000 2,200 1,400 100 3,700 10,000 22,000 1,300 23,300 37,000 Market Data Shares of stock outstanding Market price End 2,650 3,950 7,500 14,100 26,500 40,600 3,200 1,000 218 4,418 10,500 22,000 3,682 25,682 40,600 10,000 $24/share

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computation of Inventory Turnover Here B... View the full answer