Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The inventory turnover for Year 2 is closest to:
A. 0.83
B. 3.75
C. 4.09
D. 1.20
Answer: C
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Answer the following statement true (T) or false (F)
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