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Trust Corporation reported the following financial statements: (Click the icon to view the financial statements.) Trust's inventory turnover during 2025 was (amounts rounded) O A.
Trust Corporation reported the following financial statements: (Click the icon to view the financial statements.) Trust's inventory turnover during 2025 was (amounts rounded) O A. 8 times. B. 9 times. OC. C. 10 times. OD. D. not determinable from the data given. Financial Statements Current Assets: Trust Corporation Comparative Balance Sheet December 31, 2025 and 2024 Assets Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Other Assets Total Assets Current Liabilities Long-term Liabilities Liabilities $ $ $ 2025 2,036 $ 2,130 1,340 1,668 7,174 18,735 25,909 $ 7,121 S 4,923 2024 1,633 1,882 1,095 2,047 6,657 15,985 22,642 8,173 2,374 Liabilities Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity GA $ 7,121 $ 4,923 12,044 6,965 6,900 13,865 25,909 $ 8,173 2,374 10,547 5,895 6,200 12,095 22,642 Trust Corporation Income Statement Year Ended December 31, 2025 $ Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income 34,102 9,744 24,358 7,072 17,286 223 17,063 2,636 $ 14,427
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