Calculate the period-based inventory turnoverfor a merchandising financial statement analysis.

During the past six months, Roberta sold goods costing $35,500, her expenses totaled $2,500 and her freight in totaled $750. Her company's average stock of goods during the same period was $9,500.

The inventory turnover ratio for Roberta's company is __________.

• a.)
• 3.74
• b.)
• 3.39
• c.)
• 3.55
• d.)
• 3.47