Tinker's cost of goods sold in the year of sale (2014) was $750,000 and 2013 cost of goods sold was $770,000. The inventory at the end of 2014 was $188,000 and $208,000 at the end of 2013. Tinker's inventory turnover during 2014 was closest to:

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Inventory turnover = Cost of goods sold / Average inventoryAverage inventory = (Beginning inventory + Ending inventory) / 2Average inventory = ($208,000 + $188,000) / 2 = $198,000Inventory turnover = $750,000 / $198,000 = 3.79

Tinker's Cost of Goods Sold in the Year of Sale