4G+ 2:22 PM 2.9KB/s 6 4 01:09:49 Remaining Multiple Choice Based on the following data for the current year, what is the inventory turnover? Net sales on account during year P 500,000 Cost of...

Extracted text: 4G+ 2:22 PM 2.9KB/s 6 4 01:09:49 Remaining Multiple Choice Based on the following data for the current year, what is the inventory turnover? Net sales on account during year P 500,000 Cost of merchandise sold during year 330,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of Inventory, end of year 110,000 year 90,000 3.3 8.3 3.7 O 3.0 13 of 50