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Annual data for ABC Corporation appear below, in millions of US dollars: ...

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Accounting

Annual data for ABC Corporation appear below, in millions of US dollars:


2016 2017 2018 2019
Sales Revenue 126.1 131.3 144.5 150.4
Cost of Goods Sold 45.3 50.8 54.6 55.3
Operating Income 18.8 21.1 20.9 23.3
Ending Inventory 9.6 10.2 10.4 9.6
Ending Accounts Payable 10.2 8.8 9.5 10.2


Calculate ABC's inventory turnover ratio for 2018. Round your answer to 1 decimal place (xx.x).


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