Inventory turnoverSelected financial information for Froning Company for 2007 follows.

Inventory turnover

Selected financial information for Froning Company for 2007 follows.

Sales

$1,500,000

Cost of Goods Sold

1,100,000

Merchandise Inventory

 

Beginning of Year

250,000

End of Year

300,000

Required

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn-over during 2007?