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Question 20 SRC.Inc, sells its inventory in an average of 42.05 days and collects its receivables in 30.6 days, on average it has a quick

Question 20

SRC.Inc, sells its inventory in an average of 42.05 days and collects its receivables in 30.6 days, on average it has a quick ratio of 1.58 and current ratio of 1.79. What is the inventory turnover rate? Assume a 365-day year.

A. 11.93

B. 7.13

C. 7.29

D. 8.68

E. 8.49

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