Harker Company,a Retailer,had Cost of Goods Sold of $160,000 Last

Multiple Choice

Harker Company,a retailer,had cost of goods sold of $160,000 last year.The beginning inventory balance was $26,000 and the ending inventory balance was $20,000.The company's inventory turnover was closest to:

A) 3.48 times.
B) 6.15 times.
C) 6.96 times.
D) 8.00 times.