XYZ company had net sales of $300,000 and cost of goods sold of $120,000 for the year. The Inventory balances at the beginning and end of the year were $39,800 and $37,700, respectively. The inventory turnover was: O a. 7.74 times. O b. 4.62 times. O c. 11.42 times. O d. 12.36 times