Use the Following Information for Boxter, Inc A) 123 Times
B) 9

Use the following information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question "Using the LIFO adjustment, what is Boxter's inventory turnover ratio for 2014 (to the closest decimal place) ?" $\begin{array}{|l|l|l|l|l|}\hline \text { (amounts in \$ millions) } & \text { Boxter } & \text {Clifford } & \text { Danforth } & \text { Evans } \\\hline \text { Inventory Method for 2013 } \& 2014 & LIFO & FIFO & LIFO & FIFO \\\hline \text { 2013 Ending inventory assuming LIFO } & \$324 & N/A & \$225 & N/A \\\hline \text { 2013 Ending inventory assuming FIFO } & \$427 & \$535 & \$310 & \$663 \\\hline \text {2014 Ending inventory assuming LIFO } & \$436 & N/A & \$167 & N/A \\\hline \text { 2014 Ending inventory assuming FIFO } & \$578 & \$612 & \$209 & \$542 \\\hline \text { 2013 Current assets (reported on balance sheet) } & \$1,677 & \$2,031 & \$1,308 & \$2,748 \\\hline \text { 2013 Current liabilities } & \$987 & \$1,209 & \$545 & \$1,200 \\\hline \text { 2014 Current assets (reported on balance sheet) } & \$2,225 & \$2,605 & \$1,100 & \$2,390 \\\hline \text { 2014 Current liabilities } & \$1,306 & \$1,410 & \$465 & \$1,000 \\\hline \text { 2014 Cost of goods sold } & \$4,678 & \$5,042 & \$3,000 & \$7,000 \\\hline\end{array}$

A) 12.3 times
B) 9.3 times
C) 7.5 times
D) 6.4 times