9 Case Study: Merchandising Financial Statement Analysis LEARNING OBJECTIVE: Calculate the period-based inventory turnover for a merchandising financial statement analysis. DO002 During the past six months, Roberta sold goods costing $35,500, her expenses totaled $2,500 and her freight in totaled $750. Her company's average stock of goods during the same period was $9,500. The inventory turnover ratio for Roberta's company is O a.) 3.47 O b.) 3.55 O C.) 3.74 O d.) 3.39