ed out of Assets (in KD) Liabilities (in KD) Cash 20000 Accounts payable Accounts receivable 100000 Accrued expenses Inventory 230782 Notes payables Property, Equipment, Plants 1500000 Long-term borrowings Less: Amortization 50000 Total liabilities Total equity 80000 100000 180000 400000 Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. Calculate the inventory turnover ratio of this company. In the reasons box, explain your answer in a sentence. Note: Use two decimal points in your answer (2.54, 4.26, ...) Answer: Give your reasons A B 1 Tif III lil H OP c