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Large Company Net sales $ 379,420 Cost of sales $ 163,100 Gross profit $ 216,320 Selling, general, and administrative expenses $ 146,610 Operating income $

Large Company

Net sales

$ 379,420

Cost of sales

$ 163,100

Gross profit

$ 216,320

Selling, general, and administrative expenses

$ 146,610

Operating income

$ 69,720

Net income

$ 41,610

Cash and cash equivalents

$ 50,480

Net receivables

$ 17,400

Inventories

$ 223,430

Total current assets

$ 315,160

Property and equipment

$ 81,880

Other assets

$ 66,040

Total assets

$ 463,090

Accounts payable

$ 29,540

Stockholder equity

$ 261,130

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

2.53

0.73

1.18

9.76

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