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In its income statement for the year ended December 3 1 , 2 0 2 5 , Crane Company reported the following condensed data.

In its income statement for the year ended December 31,2025, Crane Company reported the following condensed data.
\table[[Salaries and wages expenses,$381,300,Loss on disposal of plant assets,$53,300
Carmelo Corporation reported the following amounts for the year:
Net sales $296,000
Cost of goods sold 138,000
Average inventory 50,000
Carmelo's inventory turnover ratio is:
2.42
2.76
2.14
3.21
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