Elephant, Inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $140,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.) O A. 14.29 times O B. 9.3 times O c. 7.14 times OD. 7 times Click to select your answer. . 1989 m @ 91