Given the following information, calculate the inventory turnover for ABC Co. for 2006 (pick closest number).

(in thousands of dollars) 2006 2005

Sales $19,535 $15,470

Costs of Goods Sold $15,101 $11,184

Inventory $2,809 $2,260

Question 4 options:

	6.18
	6.93
	7.22
	8.96