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0.08/0.08 points Question 6 Balance Sheet for the OPUS Ltd. ASSETS Current Assets Cash $30,000 Accounts receivable $20,000 Raw materials inventory $50,000 Finished goods inventory $600,000 Total current assets $700,000 Long-Term Assets Equipment $2,000,000 Buildings $1,100,000 Land $400,000 Total Long-term Assets $3,500,000 TOTAL ASSETS $4,200,000 LIABILITIES& OWNERS' EQUITY Current Liabilities Accounts payable $10,000 Current loans $60,000 Total current liabilities $70,000 Long-Term Liabilities Long-term loans $900,000 TOTAL LIABILITIES $970,000 Owners' Equity Common Stock $2,130,000 Retained earnings $1,100,000 TOTAL OWNERS' EQUITY $3,230,000 TOTAL LIABILITIES AND OWNERS' EQUITY $4,200,000 What is the inventory-turnover ratio for the OPUS Ltd.? Question options: 12.0 0.08/0.08 points Question 6 Balance Sheet for the OPUS Ltd. ASSETS Current Assets Cash $30,000 Accounts receivable $20,000 Raw materials inventory $50,000 Finished goods inventory $600,000 Total current assets $700,000 Long-Term Assets Equipment $2,000,000 Buildings $1,100,000 Land $400,000 Total Long-term Assets $3,500,000 TOTAL ASSETS $4,200,000 LIABILITIES& OWNERS' EQUITY Current Liabilities Accounts payable $10,000 Current loans $60,000 Total current liabilities $70,000 Long-Term Liabilities Long-term loans $900,000 TOTAL LIABILITIES $970,000 Owners' Equity Common Stock $2,130,000 Retained earnings $1,100,000 TOTAL OWNERS' EQUITY $3,230,000 TOTAL LIABILITIES AND OWNERS' EQUITY $4,200,000 What is the inventory-turnover ratio for the OPUS Ltd.? Question options: 12.0