QUESTION 23 What is the inventory turnover ratio of a company that has sales of $945, cost of goods of $618, net income of $50, and an average inventory balance of $210? O a. 1.26 times. O b. 4.50 times. O C 2.21 times. O d. 2.94 times. QUESTION 24 Faber Corporation has a target capital structure of 25% bond financing, 15% preferred stock financing, and 60% common stock financing. The cost of bonds is 6.5%, the cost of preferred stock is 11%, and the cost of common stock financing is 15%. What is Faber's WACC? O a. 9.00% O b. 10.83% OC 12.28% O d. 14.02%