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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 $313,000 7,100 $305, 900 2020 $292,000 5,500 $286,500 Sales Sales returns

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Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 $313,000 7,100 $305, 900 2020 $292,000 5,500 $286,500 Sales Sales returns and allowances Net sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 47,000 137,000 184,000 62,000 122,000 $183,900 33,000 131,000 164,000 47,000 117,000 $169,500 ATC's inventory turnover ratio for 2021 is: (Round your answer to two decimal places.) ATC's inventory turnover ratio for 2021 is: (Round your answer to two decimal places.) Multiple Choice 1.84 2.24 2.44 None of these answer choices are correct

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