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

Multiple Choice

Kaelker Corporation has provided the following data: $\begin{array}{lrr}&\text { This Year } & \text { Last Year } \\\text { Accounts receivable. }&\$ 95,000 & \$ 101,000 \\\text { Inventory. }&\$ 213,000 & \$ 186,000 \\\text { Sales on account }&\$ 854,000 & \\\text { Cost of goods sold }&\$ 671,000 &\end{array}$

The inventory turnover for this year is closest to:

A) 3.36
B) 0.87
C) 1.15
D) 3.15