Based on the following data for the current year, what is the inventory turnover? $\begin{array}{ll}
\$ 500,000 & \text { Net sales on account during year } \
330,000 & \text { Cost of merchandise sold during ye } \mathrm{yr} \
45,000 & \text { Accounts receivable, begiming of ye ar } \
35,000 & \text { Accounts receivable, end of year } \
90,000 & \text { Inventory, begiming of year } \
110,000 & \text { Inventory, end of year }
\end{array}$
A) 3.3
B) 8.3
C) 3.7
D) 3.0

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The Answer of Based on the following data for the current year, what is the inventory turnover? $\begin{array}{ll}
\$ 500,000 & \text { Net sales on account during year } \
330,000 & \text { Cost of merchandise sold during ye } \mathrm{yr} \
45,000 & \text { Accounts receivable, begiming of ye ar } \
35,000 & \text { Accounts receivable, end of year } \
90,000 & \text { Inventory, begiming of year } \
110,000 & \text { Inventory, end of year }
\end{array}$
A) 3.3
B) 8.3
C) 3.7
D) 3.0

Based on the Following Data for the Current Year, What