The Average Inventory at Hamilton Industries, Comprising Raw Materials, Work-

Multiple Choice

The average inventory at Hamilton Industries, comprising raw materials, work- in- process, and finished goods, was found to be $17.2 million last year. If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

A) less than or equal to 3.50
B) greater than or equal to 3.50 but less than 3.75
C) greater than or equal to 3.75 but less than 4.00
D) greater than or equal to 4.00