During the current year, Carlin Equipment Stores had net sales of $500 million, a cost of goods sold of $400 million, average accounts receivable of $60 million, and average inventory of $50 million.

Carlin Equipment 's inventory turnover rate is:

Select one:

a. 6.7 times.

b. 8 times.

c. 10 times.

d. 1.25 times.