Freedom Corporation reported the following financial statements: E (Click the icon to view the financial statements.) Freedom's inventory turnover during 2019 was (amounts rounded) O A. 7 times. OB. 8 times. O C. 9 times. O D. not determinable from the data given. Freedom Corporation Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: $ 2,161 $ 1,757 2,130 1,926 Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets 1,340 1,576 1.131 1,913 7,207 17,467 6,727 15,250 Other Assets Total Assets $ 24,674 $ 21,977 Total Assets $ 24,674 $ 21,977 Liabilities Current Liabilities $ 7.293 $ 4.914 8,400 3,841 12,207 12,241 Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 5,367 7.100 3,436 6:300 12,467 9,736 Total Liabilities and Stockholders' Equity 24,674 $ 21,977 Freedom Corporation Income Statement Year Ended December 31, 2019 Net Sales Revenue $ 24,336 8,652 Cost of Goods Sold Gross Profit 15,684 7.100 Operating Expenses Operating Income 8,584 Interest Expense 221 Income Before Income Taxes 8,363 2.193 Income Tax Expense Net Income $ 6,170