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Large Company Net sales $ 188,800 Cost of sales $ 90,360 Gross profit $ 98,440 Selling, general, and administrative expenses $ 91,630 Operating income $

Large Company

Net sales

$ 188,800

Cost of sales

$ 90,360

Gross profit

$ 98,440

Selling, general, and administrative expenses

$ 91,630

Operating income

$ 3,510

Net income

$ 1,000

Cash and cash equivalents

$ 1,710

Net receivables

$ -

Inventories

$ 76,750

Total current assets

$ 83,720

Property and equipment

$ 10,890

Other assets

$ 24,120

Total assets

$ 118,730

Accounts payable

$ 22,060

Stockholder equity

$ 18,530

What is the value of Inventory Turnover(INVT)? (Choose the closest)

1.18

2.53

9.76

0.73

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