Below is a selection of information concerning Arc Inc

Subject:AccountingPrice: Bought3

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Below is a selection of information concerning Arc Inc.Net income for the year: $100,000Return on Sales: 16%

• Gross profit ratio: 40%

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• Inventory turnover: 2.5

What is the company's average inventory?

Select one:

a. It cannot be calculated with the information provided

b. $150,000

c. $250,000

d. $375,000