What is the Inventory turnover ratio?

Credit sale terms are net $30$ days

$**$ In $2020$ sold an asset that originally cost $$3,500$

$***$ There are $200,000$ shares outstanding as at December $31,$

On June $30,2020,$ the firm issued $50,000$ shares.

ABC Corporation

Income Statement

For the Year Ended December $31,2020$ ABC Corporation Balance Sheet as at December $31$

LIABILITIES AND SHAREHOLDER'S EQUITY