Kent Inc. provided the following data for 2016 and 2017:

Inventory
December 31, 2016	$250,000
December 31, 2017	180,000
Cost of goods sold
2016	$650,000
2017	645,000
Gross margin
2016	$340,000
2017	430,000

What are the inventory turnover ratio and the gross margin return on inventory investment for 2017?

	A.	Inventory turnover ratio = 3.00 times The gross margin return on inventory investment = 200%
	B.	Inventory turnover ratio = 2.00 times The gross margin return on inventory investment = 300%
	C.	Inventory turnover ratio = 3.09 times The gross margin return on inventory investment = 20%
	D.	Inventory turnover ratio = 3.00 times The gross margin return on inventory investment = 2%

The ratio of value-added manufacturing time to the total of both value and non-value-added manufacturing times is known as

	A.	productivity turnover.
	B.	cycle time processing.
	C.	cycle efficiency.
	D.	the value ratio.