Using the below information, what is Inventory Turnover?
12/31/2024 12/31/2025
Cash 50,000 20,000
AR 100,000 85,000
Inventory 50,000 100,000
Plant assets 250,000 300,000
Accumulated Depreciation 50,000 80,000
Current liabilities 65,000 45,000
Bonds payable 85,000 25,000
Common Stock 200,000 200,000
RE 50,000 155,000
Sales 650,000
Cogs 300,000
Gross Profit 350,000
SG&A 200,000
Net income 150,000
4 Times
3 Times
2 Times
6 Times