QUESTION 40 Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9.250,000 for the year. The average inventory for the year amounted to $2,500,000 The inventory turnover for the year is OA 3.7 mes. 5 3 times 14 times OD 3.1 times. QUESTION 42 Which one of the following would not be considered a liquidity ratio? Inventory turnover . Current cash debt coverage Return on Assets OD Current ratio