The following information is available for tye company at december 31: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $1,200,000; and sales revenue $1,600,000. tye’s inventory turnover is times.

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)