Kopas Corporation Has Provided the Following Data The Inventory Turnover for This Year Is Closest To:
A)3

question 266

Multiple Choice

Kopas Corporation has provided the following data: $$\begin{array} { | l r | r | } \hline & \text { This Year } & \text { Last Year } \\\hline \text { Accounts receivable } & \$ 89,000 & \$ 107,000 \\\hline \text { Inventory } & \$ 160,000 & \$ 156,000 \\\hline \text { Sales on account } & \$ 627,000 & \\\hline \text { Cost of goods sold } & \$ 488,000 & \\\hline\end{array}$$ The inventory turnover for this year is closest to:

• A)3.09
• B)0.98
• C)1.03
• D)3.05

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