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Waters Department Store had net credit sales of $8,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year

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Waters Department Store had net credit sales of $8,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year amounted to $2,000,000. Inventory turnover for the year is a. 4 times. b. 7 times. c. 3 times. d. 2 times. The average number of days to sell the inventory during the year was a. 183 days. b. 122 days. c. 91 days. d. 52 days

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