Marks Incan Online Retail Store,recorded an Inventory of $3,000 as of of December

Multiple Choice

Marks Inc.an online retail store,recorded an inventory of $3,000 as of December 31,2012.Its inventory stood at $3,500 on December 31,2013.The cost of goods sold for the corresponding year was $15,000.Which of the following indicates the inventory turnover ratio of Marks Inc.?

A) 5
B) 4.28
C) 4.61
D) 5.22