6. Clint Company and Black Company reported the following information in their financial statements, prior to their merger: Smillions 2011 2010 Clint Company (FIFO) Sales $14,250 $9,650 13,750 8,560 Inventories $3,335 4,220 Black Company (LIFO) Sales COGS $22,140 $16,050 23,050 14,200 Inventories $8,450 7,700 To the closest hundredth, how much is the 2011 inventory turnover for Clint Company? A) 2.89 B) 2.41 C) 1.28 D) 2.55 7. Clint Company and Black Company reported the following information in their financial statements, prior to their merger: Clint Company (FIFO) $millions Sales COGS 2011 $14,250 $9,650 2010 13,750 8 ,560 Inventories $3,335 4,220 Black Company (LIFO) Sales COGS $22,140 $16,050 23,050 14,200 Inventories $8,450 7,700 The LIFO reserve for Black Company is $890 at the end of 2011 and $760 at the end of 2010. What is the estimated 2011 inventory turnover assuming FIFO inventory costing for Black Company? A) 1.99 B) 0.90 C) 1.72 D) 1.79