John's Jewelry Store had a balance in the Inventory account of $1,000,000 at the beginning of the year and a balance of $1,200,000 at the end of the year. The Cost of Goods Sold during the year amounted to $8,600,000. The inventory turnover ratio was.. 80 times. 78 times. 8.6 times. 072 times. QUESTION 30 In a common size income statement, the 100% figure is O net income. O cost of goods sold. O gross profit O net sales. QUESTION 31 Return on common stockholders' equity is O True a profit ratio O False