Based on the following data for the current year, what is the inventory turnover? Sales on account during year $545,223 Cost of goods sold during year 151,374 Accounts receivable, beginning of year 47,010 Accounts receivable, end of year 47,369 Inventory, beginning of year 39,811 Inventory, end of year 39,291 Do not round interim calculations. Round your final answer to one decimal place.

FINANCIAL ACCOUNTING
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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?

Sales on account during year $545,223
Cost of goods sold during year 151,374
Accounts receivable, beginning of year 47,010
Accounts receivable, end of year 47,369
Inventory, beginning of year 39,811
Inventory, end of year 39,291

Do not round interim calculations. Round your final answer to one decimal place.

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