Kopas Corporation has provided the following data: This YearLast YearAccounts receivable$89,000 $107,000 Inventory$160,000 $156,000 Sales on account$627,000 Cost of goods sold$488,000 The inventory turnover for this year is closest to:
A. 1.03
B. 3.05
C. 0.98
D. 3.09
Answer: D
Business
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