4 Presented are the income statements of Big Cat and Little Cat heavy equipment manufacturers for the current year: Little Cat $500,000 100.00% Big Cat $487,000 100.00% 300,100 61.62% 186,900 38.38% 20,000 4.11% 395,000 79.00% 105,000 21.00% 50,000 10.00% 166,900 34.27% 17,100 3.51% $149,800 30.76% Net sales revenue Cost of goods sold Gross profit Selling/general expenses Income from operations Income tax expense Net income Which company has the best inventory turnover rate? OA. Both have the same rate OB. Impossible to determine OC. Big Cat OD. Little Cat 55,000 11.00% 16,500 3.30% $38,500 7.70%

Presented are the income statements of Big Cat and Little Cat heavy equipment manufacturers for the current year: Which company has the best inventory turnover rate? A. Both have the same rate B. Impossible to determine C. Big Cat D. Little Cat