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Shares outstanding ( millions ) 5 0 0 . 0 0 Common dividends ( millions of $ ) $ 1 , 2 4 9 .

Shares outstanding (millions)500.00
Common dividends (millions of $) $1,249.50
Int. rate on notes payable & L-T bonds 6%
Federal plus state income tax rate 25%
Year-end stock price $85.68
What is the firm's inventory turnover ratio? Assume that the firm's cost of goods sold is 65% of sales. Do not round your intermediate calculations.
a.3.34
b.2.21
c.2.60
d.3.59
e.5.52

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