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Selected financial information for Walton Company for Year 4 follows:
Sales $ 1,950,000
Cost of goods sold 1,365,000
Merchandise inventory Beginning of year 158,000
End of year 191,000
Assuming that the merchandise inventory buildup was relatively constant, how many times did the
merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.)

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  • 1. Selected financial information for Walton Company for Year 4 follows: Sales $ 1,950,000 Cost of goods sold 1,365,000 Merchandise inventory Beginning of year 158,000 End of year 191,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.)