Liberty Corporation reported the following financial statements: (Click the icon to view the financial statements.) Liberty's inventory turnover during 2017 was (amounts rounded) A. 6 times. B. 7 times. C. 8 times. D. not determinable from the data given. Liberty Corporation Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash and Cash Equivalents $ 2,450 $ 2,094 Accounts Receivable 1,813 1,611 Merchandise Inventory 1,324 1,709 1,060 2,120 Prepaid Expenses Total Current Assets 7,296 18,500 6,885 15,737 Other Assets 25,796 $ 22,622 Total Assets Liabilities Current Liabilities $ 7,230 $ 4,798 8,467 3,792 Long-term Liabilities Total Liabilities 12,028 12,259 Stockholders' Equity Stockholders' Equity Common Stock, no par 6,568 7,200 4,363 6,000 Retained Earnings Total Stockholders' Equity 13,768 10,363 $ Total Liabilities and Stockholders' Equity 25,796 $ 22,622 Liberty Corporation Income Statement Year Ended December 31, 2017 Net Sales $ 20,941 7,055 Cost of Goods Sold Gross Profit 13,886 7,065 Operating Expenses Operating Income 6,821 210 Interest Expense Income Before Income Taxes 6,611 2,563 Income Tax Expense $ 4,048 Net Income