A company's financial statements show the following Sales $500,000 Gross Margin 50% Opening Inventory $25,000 Closing Inventory $75,000 The inventory turnover is: Select one: a. 50% b. $50,000 c. ten times 0 d. five times Net sales $40,000, beginning inventory $11,000, ending inventory $17,000, cost of goods sold $19,000. The inventory turnover is: Select one: a. 2.5 b. None of the available choices C. 2.9 d. 2.7