ostrander corporation

December 31 20x1 20x0 Cash $32 Short-term investments Accounts receivable (net) Merchandise inventory Tangible fixed assets Total assets Current liabilities Total liabilities Common stock outstanding Retained earnings 1,320 368 226 20x1 Operations Total Sales (all on account) Cost of goods sold $4.175 2.880 Interest expense 50 Income tax expense Net income 120 175 Merchandise inventory turnover for Ostrander Corporation in 20x1 is Select one 6.85 times 9.70 times 6.54 times