Question 18 (2 points) A national firm has sales of $575,000 and cost of goods sold of $368,000. At the beginning of the year, the inventory was $42,000. At the end of the year, the inventory balance was $45,000. What is the inventory turnover rate? 8.46 times 28.56 times 12.78 times 13.22 times 43.14 times