Sparky's Sells Auto Parts -
Using Sparky's Financial Information What Is the Company's

Multiple Choice

Sparky's sells auto parts. Provided below is selected financial information from the company's 2012 annual report:
$\begin{array}{lll}\underline{\text { Sparky's Selected Fimancial Statementdata }} \\\text { Fiscal year end } & \mathbf{2 0 1 2} & \mathbf{2 0 1 1} \\\text { (amounts in thousands of dollass) } & \\\text { Net sales } & \$ 125,410 & \$ 106,380 \\\text { Cost of GoodsSold } &-104,090 & -89,359 \\\text { GrossProfit } & \$ 21,320 & \$ 17,021\\\\\text { Inventory}& \$ 31,353 & \$ 30,850\end{array}$
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Using Sparky's financial information what is the company's inventory turnover ratio for 2012?

A) 0.69
B) 1.00
C) 3.35
D) 4.03