Wilson Steel Company had ending inventory of $254,300 this year, ending inventory of $156,000 last year, and $186,000 as cost of goods sold. Compute the inventory turnover rate.

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The Answer of Wilson Steel Company had ending inventory of $254,300 this year, ending inventory of $156,000 last year, and $186,000 as cost of goods sold. Compute the inventory turnover rate.

Wilson Steel Company Had Ending Inventory of $254,300 This Year