Goods available for sale are $26,000; beginning inventory is $15,000; ending inventory is $17,000; and cost of goods sold is $42,000. The inventory turnover is: (Round your final answer two decimal places, X.XX)

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Inventory turnover = Cost of goods sold / Average inventoryAverage inventory = (Beginning inventory + Ending inventory) / 2= ($15,000 + $17,000) / 2= $16,000Inventory turnover = $42,000 / $16,000= 2.63

Goods Available for Sale Are $26,000; Beginning Inventory Is $15,000;