Selected financial information for Atwell Company for 2009 follows.
|
Sales
|
$1,500,000
|
|
Cost of goods sold
|
1,200,000
|
|
Merchandise inventory
|
|
|
Beginning of year
|
180,000
|
|
End of year
|
220,000
|
Required
Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2009?