Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $469,274 Cost of merchandise sold during year 179,305 Accounts receivable, beginning of year 42,159 Accounts receivable, end of year 52,598 Merchandise inventory, beginning of year 32,886 Merchandise inventory, end of year 40,548 Oa. 17.7 Ob. 12.8 Oc. 3.9 Od. 4.9

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)?
Sales on account during year
$469,274
Cost of merchandise sold during year
179,305
Accounts receivable, beginning of year
42,159
Accounts receivable, end of year
52,598
Merchandise inventory, beginning of year
32,886
Merchandise inventory, end of year
40,548
Oa. 17.7
Ob. 12.8
Oc. 3.9
Od. 4.9
Transcribed Image Text:Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $469,274 Cost of merchandise sold during year 179,305 Accounts receivable, beginning of year 42,159 Accounts receivable, end of year 52,598 Merchandise inventory, beginning of year 32,886 Merchandise inventory, end of year 40,548 Oa. 17.7 Ob. 12.8 Oc. 3.9 Od. 4.9
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