Selected Financial Information for Martin Company for 2014 Follows Required:
How Many Times Did Martin's Merchandise Inventory Turnover During

question 20

Essay

Selected financial information for Martin Company for 2014 follows: $\begin{array}{|l|l|}\hline \text { Sales } & \$ 498,000 \\\hline \text { Cost of goods sold } & 320,000 \\\hline \text { Merchandise inventory } & \\\hline \text { Beginning of year } & 72,000 \\\hline \text { End of year } & 80,000 \\\hline\end{array}$
Required:
How many times did Martin's merchandise inventory turnover during 2014? Round your answer to one decimal place.

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Definitions:

Puberty

The developmental stage in humans and other primates marked by the onset of sexual maturity and physical growth.

Reproducing

The biological process or action of producing offspring or new individuals of the same kind.

Authoritative Parents

Characterized by a parenting style that is supportive and nurturing yet sets clear and firm limits; believed to foster independent and well-adjusted children.

High Self-Esteem

A positive and confident assessment of one’s own self-worth and abilities.