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: $\begin{array}{ll}&\text { This Year } & \text { Last Year } \\\text {Accounts receivable. }&\$ 89,000&\$107,000 \\\text {Inventory. }&\$ 160,000&\$156,000 \\\text {Sales on account. }&\$ 627,000 & \\\text {Cost of goods sold }&\$ 488,000 &\end{array}$ The inventory turnover for this year is closest to:

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