For 20X3, Wilver Inc. reported $24,000 beginning inventory and $26,000 ending inventory. Net sales were $160,000 and gross profit was $55,000 for the same period. Based on these figures, inventory

For 20X3, Wilver Inc. reported $24,000 beginning inventory and $26,000 ending inventory. Net sales were $160,000 and gross profit was $55,000 for the same period. Based on these figures, inventory turnover for 20X3 was:
A) 3.4 times.
B) 4.2 times.
C) 6.4 times.
D) 9.2 times.


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