Consider the following information:

• Revenue = $100 000
• NOPAT = $20 000
• Cost of goods sold = $50 000
• Opening inventory = $200 000
• Closing inventory = $250 000
• Opening accounts payable = $100 000
• Closing accounts payable = $200 000

What would the inventory turnover ratio be?

Select one:

a. 0.22

b. 0.09

c. 0.20

d. 0.44