35) Fill in Correct answer: Elephant, Inc.'s cost of goods sold for the year is $1,900,000, and the average merchandise inventory for the year is $132,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.). A) 6.95 times; C) 7.20 times; B) 14.39 times D) 9.31 times; E) none of the above 36) Fill in Correct answer: National, Inc. provides the following data: 2019 2018 Cash $45,000 $25,000 Accounts Receivable, Net 98,000 62,000 Merchandise Inventory 75,000 50,000 Property, Plant, and Equipment, Net 185.000 120.000 Total Assets $403.000 $257.000 For the year ending December 31, 2019: Net Credit Sales $280,000 Cost of Goods Sold (150.000) Gross Profit $130,000 Calculate the accounts receivable turnover ratio for 2019. (Round your answer to two decimal places.) 37) Fill in Correct answer: Use the following to calculate the inventory turnover ratio for the year 2019. Cost of Goods Sold Merchandise Inventory 2019 585,000 2018 475,000 320,000 295,000 horizontal analysis? la come company