Please answer correctly. Income Statement, Year of 2015 Net sales (all credit) \\(...
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Finance
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Income Statement, Year of 2015 Net sales (all credit) \\( \\$ 5,386,600.00 \\) Net sales (all credit) \\( \\$ 5,386,600.00 \\) Less: Cost of goods sold \\( \\$ 3,716,754.00 \\) Selling and administrative \\( \\quad \\$ 329,000.00 \\) expenses Depreciation expense \\( \\$ 138,000.00 \\) EBIT \\( \\$ 1,202,846.00 \\) Interest expense \\( \\$ 39,600.00 \\) Earnings before taxes \\( \\$ 1,163,246.00 \\) Income taxes \\( \\quad \\$ 465,298.40 \\) Net income \\( \\quad \\$ 697,947.60 \\) Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's inventory turnover ratio. Round the answers to two decimal places Balance Sheet December 31, 2015
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