Your company sells $469,300 of goods during the year that have a cost of $398,600. Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.

Use the information above to answer the following question. What is the inventory turnover ratio?

A) 2.2 times

B) 13.4 times

C) 14.7 times

D) 12.5 times