The Robin's Nest Offers Upscale Children's Furniture from Newborn Through

The Robin's Nest offers upscale children's furniture from newborn through grade school.The shop has total assets of $350,000,current assets of $74,000,total liabilities of $280,000,accounts receivable of $12,000,and end-of-the-year inventory valued at $23,000.What is the retailer's inventory turnover?

A) 6.6 percent
B) 8.2 percent
C) 31.9 percent
D) 32.9 percent
E) Cannot be determined from information given