Use the following information for questions 3031. Nelly Inc. reported credit sales of $24,000,000 and cost of goods sold of $18,000,000 for the year. The average inventory for the year was $6,000,000. 30. The inventory turnover ratio for the year was a) 3.0 times. b) 33.3 times. c) 4.0 times. d) 25.0 times. 31. The days in inventory during the year was a) 15 days. b) 11 days. c) 91 days. d) 122 days. 32. Which one of the following would not be considered a liquidity ratio? a) current ratio b) inventory turnover ratio c) receivables turnover ratio d) return on assets ratio 33. A weakness of the current ratio is a) the difficulty of the calculation. b) that it doesn't take into account the composition of the current assets. c) that it is rarely used by sophisticated analysts. d) that it can be expressed as a percentage, as a rate, or as a proportion