The following balance sheet information is provided for Gaynor Company:
$\begin{array}{lrr}
\text { Assets } & \text { Year 2 } & \text { Year 1 } \
\text { Cash } & \$ 4,000 & \$ 2,000 \
\text { Accounts receivable } & 15,000 & 12,000 \
\text { Inventory } & \$ 35,000 & \$ 38,000
\end{array}$
Assuming Year 2 cost of goods sold is $153,300,what is the company's inventory turnover?

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The Answer of The following balance sheet information is provided for Gaynor Company:
$\begin{array}{lrr}
\text { Assets } & \text { Year 2 } & \text { Year 1 } \
\text { Cash } & \$ 4,000 & \$ 2,000 \
\text { Accounts receivable } & 15,000 & 12,000 \
\text { Inventory } & \$ 35,000 & \$ 38,000
\end{array}$
Assuming Year 2 cost of goods sold is $153,300,what is the company's inventory turnover?

The Following Balance Sheet Information Is Provided for Gaynor Company