L2J9/take Given the following information, determine the inventory turnover ratio: Net sales $950,000 Cost of goods sold $264,000 Inventory, 1/1 $275,000 Inventory, 12/31 $225,000 0 3.80 O 4.22 O 1.06 O 1.17 Question 9 1 pts An overstated cost of goods sold gives an overstated gross margin. True False . to search