27. SRC, Inc., sells its inventory in an average of 43 days and collects its receivables in 3.6 days, on average. What is the inventory turnover rate? Assume a 365-day year. A. 8.49 B. 7.29 C. 8.68 D. 10.18 E. 7.13 28. Phil's Carvings sells its inventory in 93 days, on average. Costs of goods sold for the year are $187,200. What is the average value of the firm's inventory? Assume a 365-day year. A. $20,129 B. $47,698 C. $57,132 D. $61,096 E. $32,513