UXZ Has Sales of $683,200, Cost of Goods Sold of $512,900

Multiple Choice

UXZ has sales of $683,200, cost of goods sold of $512,900, and inventory of $74,315.What is the inventory turnover rate?

A) 7.33 times
B) 6.90 times
C) 5.70 times
D) 7.14 times
E) 8.47 times