Aplus Pte. Ltd. is a multinational corporation based in Singapore with a subsidiary, Cminus Ltd., operating in Australia. The presentation currency of financial statements prepared by Aplus and the functional currency of Cminus is the Singapore dollar (SGD). The CFO of Cminus needs help in translating its financial statements reported in Australian dollars (AUD) to SGD and to analyze certain financial ratios. Exhibit 1: Cminus Ltd. selected financial data at 31 December 2018 Balance Sheet (AUD thousands) Cash 980 Accounts receivable 900 Inventory 1,200 Property, plant, and equipment (PPE) 3,000 Accumulated depreciation 0 Total assets 6,080 Accounts payable 450 Long-term debt 3,000 Income Statement (AUD thousands) Sales 12,000 Cost of goods sold (COGS) 9,000 Exhibit 2: Exchange rates applicable to Cminus Ltd. Date SGD/AUD Historical, 2018 0.968 Average, 2018 0.906 Weighted-average rate when inventory was acquired 0.954 31 December 2018 0.971 What is the inventory turnover ratio (COGS/inventory) of Cminus after translating its financial statements into SGD?

A. 7.500

B. 7.369

C. 7.634