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Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total

Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2024 2023 $49,000 $38,000 26,000 44,000 197,000 194,000 124,000 114,000 430,000 408,000 245,000 226,000 39,500 39,000 What is the inventory turnover ratio for 2024? (Round your answer to two decimal places.) Multiple Choice 7.52 times 3.54 times

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