From the Given Data for the Current Year, Determine the Inventory

question 60

Multiple Choice

From the given data for the current year, determine the inventory turnover. ? $$\begin{array} { l r } \text { Net sales on account during the year } & \$ 316,780 \\\text { Cost of merchandise sold during the year } & 688,500 \\\text { Accounts receivable, beginning of year } & 47,000 \\\text { Accounts receivable, end of year } & 62,000 \\\text { Inventory, beginning of year } & 157,000 \\\text { Inventory, end of year } & 149,000\end{array}$$

• A) 3.8
• B) 5.1
• C) 4.5
• D) 2.7

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Definitions:

Low Pressure

An area where the atmospheric pressure is lower than that of the surrounding regions, often leading to poor weather conditions.

Water Vapor

The gaseous phase of water, present in the atmosphere, which plays a critical role in the Earth's weather and climate systems.

Condensation

The process by which a vapor becomes a liquid; the opposite of evaporation.

Liquid Water

The state of water that is neither solid (ice) nor gas (vapor), commonly found in rivers, lakes, and oceans.