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. $ 45000 Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total Assets 25000 12000 210000 $292000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 50000 90000 152000 $292000 Income Statement $ 120000 66000 Sales (net) Cost of goods sold Gross profit Operating expenses Net income 54000 30000 $24000 Income Statement $ 120000 66000 Sales (net) Cost of goods sold Gross profit Operating expenses Net income 54000 30000 $24000 6000 Number of shares of common stock Market price of common stock Dividends per share $20 0.5 What is the inventory turnover for Ortiz? O 0.18 times O 3.24 times O 5.50 times 0 11.00 times