The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 45000 25000 12000 Accounts receivable (net) Inventory Property, plant and equipment (net) Total Assets 210000 $292000 Liabilities and Stockholders' Equity Current liabilities $ 50000 Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity 90000 152000 $292000 Income Statement $ 120000 66000 Sales (net) Cost of goods sold Gross profit Operating expenses 54000 30000 Net income $24000 Number of shares of common stock Market price of common stock Dividends per share 6000 $20 0.5 What is the inventory turnover for Ortiz? 5.50 times O 0.18 times 0 3.24 times O 11.00 times