All of the following measures focus on long$-$term solvency except:

inventory turnover ratio.

times interest earned.

debt to assets.

debt to equity.

None of the answer choices is correct.

Question $28$

$1$ pts

Which of the following is the best explanation of a company's inventory turnover of $12\mathrm{.}0$ for the year $2017?$

the company averages about $12$ months' sales in inventory.

The company averages about $12$ days' sales in inventory.

The company averages about one month's sales in inventory.

The company averages about $12$ days from the time an item is sold until the cash is collected.

None of the answer choices is correct.