This question: $1$ point$($S$)$ possiole

Elephant, Inc.$\text{'}$s Cost of Goods Sold for the year is $$2,200,000,$ and the average merchandise inventory for the year is $$129,000.$ Calculate the inventory turnover ratio of the company. $($round final answer to two decimal places$).$

A$.17\mathrm{.}05$ times

B$.8\mathrm{.}53$ times

C$.586$ times

D$.9\mathrm{.}41$ times