Based on the Following Data for the Current Year, Compute

Multiple Choice

Based on the following data for the current year, compute the inventory turnover. ? $$\begin{array} { l r } \text { Net sales on account during the year } & \$ 585,000 \\\text { Cost of merchandise sold during the year } & 380,000 \\\text { Accounts receivable, beginning of year } & 47,000 \\\text { Accounts receivable, end of year } & 36,000 \\\text { Inventory, beginning of year } & 92,000 \\\text { Inventory, end of year } & 113,000\end{array}$$

A) 1.1
B) 1.9
C) 3.7
D) 2.9