[The Following Information Applies to the Questions Displayed Below

question 23

Multiple Choice

[The following information applies to the questions displayed below.]
During the current year,Carl Equipment Stores had net sales of $600 million,a cost of goods sold of $500 million,average accounts receivable of $75 million,and average inventory of $50 million.
-Refer to the information above.Carl Equipment 's inventory turnover rate is:

• A)6.7 times.
• B)10 times.
• C)12 times.
• D)1.2 times.