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Average Accounts Receivable $2,000 Average Inventory Current Assets Capital Assets Current Liabilities 1,000 5,000 7,000 1,000 3,000 10,000 7,000 5,000 Long-Term Liabilities Sales Revenue Gross

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Average Accounts Receivable $2,000 Average Inventory Current Assets Capital Assets Current Liabilities 1,000 5,000 7,000 1,000 3,000 10,000 7,000 5,000 Long-Term Liabilities Sales Revenue Gross Profit Net Income Using the above information, inventory turnover ratio is Select one: o a. 122 days b. 0.33 O O c. 2:1 O d. 3

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