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

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.

Correct Answer:

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Inventory turnover = cost of g...

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