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Below are select data from the Kroger Supplier, Inc. headquartered in Cincinnati Ohio. Account Year 2 Year 1 Cash $ 4 2 , 6 0

Below are select data from the Kroger Supplier, Inc. headquartered in Cincinnati Ohio.
Account Year 2 Year 1
Cash $42,60038,500
Accounts receivable 25,20026,300
Merchandise inventory 31,00035,000
Long-term assets 116,000119,000
Accounts payable 53,60042,000
Long-term liabilities 65,00071,000
Net sales 680,000710,000
Cost of goods sold 311,000338,000
Net income 38,50045,000
Compute the inventory turnover ratio for year 2.
Group of answer choices:
A.9.336
B.9.424
C.8.886
D.10.032
E.9.657

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