At the Beginning of the Year, American International Had Inventory

Multiple Choice

At the beginning of the year, American International had inventory worth $325,500 at cost. At the end of the year, the cost value of the inventory was $540,250. If annual cost of goods sold was $1,978,250 find the inventory turnover at cost for the year. (Round your answer to the nearest tenth)

A) 3.7
B) 4.6
C) 5.2
D) 1.9