Kopas Corporation Has Provided the Following Data The Inventory Turnover for This Year Is Closest To:
A)3

Multiple Choice

Kopas Corporation has provided the following data: $$\begin{array} { | l r | r | } \hline & \text { This Year } & \text { Last Year } \\\hline \text { Accounts receivable } & \$ 89,000 & \$ 107,000 \\\hline \text { Inventory } & \$ 160,000 & \$ 156,000 \\\hline \text { Sales on account } & \$ 627,000 & \\\hline \text { Cost of goods sold } & \$ 488,000 & \\\hline\end{array}$$ The inventory turnover for this year is closest to:

A) 3.09
B) 0.98
C) 1.03
D) 3.05