Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over o Balance Sheet (Millions of 5) O Assets 2018 Cash and securities $3000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36.000 Net plant and equipment $24.000 Total assets 560.000 Liabilities and Equity Accounts payable $18,630 o Accruals 8,370 Notes payable 6,000 Total current les 533.000 Long term bonds $9.000 542.000 ination Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $9,000 $42,000 $5,040 12,960 $18,000 $60,000 2018 $84,000 78,120 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes 1,680 $4,200 900 $3,300 1,320 $1,980 Net income 500.00 Other data: Shares outstanding (millions) Common dividends (millions of $) Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price $693.00 696 4096 $47.52 ADTAP ation P100 CLICUITIC 500.00 $693.00 Other data: Shares outstanding (millions) Common dividends (millions of $) nt rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6% 40% $47.52 Refer to Exhibit 4.1. What is the firm's inventory turnover ratio? Do not round your intermediate calculations. O a. 3.78 O b.5.46 OC.4.15 d. 4.67 0.4.81 con