The average inventory at Hamilton Industries, comprising raw materials, work$-$in$-$process, and finished goods, was found to be $$17\mathrm{.}2$ million last year. The cost of goods sold per week averaged $$1\mathrm{.}32$ million. Assume the company had $52$ working weeks per year.

The cost of goods sold per year is

Select one:

a$.$ Less than $$55$ million

b$.$ Greater than or equal to $$55$ million but less than $$60$ million

c$.$ Greater than or equal to $$60$ million but less than $$65$ million

d$.$ Greater than or equal to $$65$ million

Clear my choice

The inventory turnover is

Select one:

a$.$ Less than $3\mathrm{.}6$

b$.$ Greater than or equal to $3\mathrm{.}6$ but less than $3\mathrm{.}8$

c$.$ Greater than or equal to $3\mathrm{.}8$ but less than $4\mathrm{.}1$

$$ d$.$ Greater than $4\mathrm{.}1$