Question $2$

$0\mathrm{.}5$ points

From the following hypothetical data for Al baha Co$.$ in $2018$ and $2019$ to project revenues, cost of goods sold, and inventory for Year $+1.$ Assume that Al baha's Year $+1$ revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to $2019.$ Project the average inventory balance in Year $+1$ and use it to compute the implied ending inventory balance.

$\backslash$table$[[$Al baha Co$.,2018,2019],[$Sales Revenue,$96392,102440],[$Cost of Goods Sold,$65820,68500],[$Ending Inventory,$15270,22560]]$

What is the Inventory Turnover for $2019$

$4\mathrm{.}80$

$7\mathrm{.}40$

$6\mathrm{.}21$

$3\mathrm{.}62$