FIN301 Welders is looking into acquiring MIS301 Fabricators. They're looking closely at MIS301's financial records. Data for the years 2014 and 2015 on MIS301’s performance is provided below. What was MIS301's inventory turnover in 2014? 2014 2015 Sales $50,256,700 $52,090,765 Beginning Inventory $6,780,340 $6,540,380 Ending Inventory $6,540,380 $6,772,890 Cost of Goods Sold $32,890,340 $34,120,700
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FIN301 Welders is looking into acquiring MIS301 Fabricators. They're looking closely at MIS301's financial records. Data for the years 2014 and 2015 on MIS301’s performance is provided below. What was MIS301's inventory turnover in 2014?
| 2014 | 2015 | |
| Sales | $50,256,700 | $52,090,765 |
| Beginning Inventory | $6,780,340 | $6,540,380 |
| Ending Inventory | $6,540,380 | $6,772,890 |
| Cost of Goods Sold | $32,890,340 | $34,120,700 |
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