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The following information is available for Concord Company: 2017 $ 300000 2016 $440000 Accounts receivable (net) Inventory Net credit sales Cost of goods sold Net

The following information is available for Concord Company: 2017 $ 300000 2016 $440000 Accounts receivable (net) Inventory Net credit sales Cost of goods sold Net income 370000 2420000 2100000 270000 380000 1390000 1070000 100000 The inventory turnover ratio for 2017 is 0 6.5 times. O O O 5.5 times. 5.6 times. 5.7 times

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