Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total stockholders' equity Net income What is the inventory turnover ratio for 2024? (Round your answer to one decimal place.) Multiple Choice 3.1 times. 5.7 times. 5.5 times. 2024 2023 $82,000 $77,000 87,000 80,000 480,000 384,000 262,000 218,000 815,000 755,000 505,000 450,000 78,000 55,000 3.0 times.

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below. What is the inventory turnover ratio for 2024 ? (Round your answer to one decimal place.) Multiple Choice 3.1 times 5.7 times. 5.5 times. 3.0 times