25. Cromwell Company began the year with a balance in inventory of $112,000 and ended the year with a balance of $104,000. The net sales for the year were $987,000 with a gross profit on sales of $297,000. The inventory turnover ratio is closest to:

A. 9.14

B. 2.65

C. 6.39

D. 2.86

27. Allen Company's 2019 income statement reported total revenues, $770,000 and total expenses (including $32,000 depreciation) of $640,000. The companys accounting records showed the following: accounts receivablebeginning balance, $42,000 and ending balance, $32,800; accounts payablebeginning balance, $14,000 and ending balance, $20,800. Therefore, based only on this information, how much was the 2019 net cash provided by operating activities?

Multiple Choice

$127,600.

$159,600.

$164,400.

$178,000.