3 Thompson TV and Appliance reported the following in its 2018 financial statements: 2018 Sales Cost of goods sold: $422,000 Inventory, January 1 63,000 pints Net purchases 336,000 Goods available for sale 399,000 Inventory, December 31 91,000 eBook Cost of goods sold 308,000 Gross profit $114,000 Thompson's 2018 inventory turnover ratio is: (Round your answer to two decimal places.) Multiple Choice 4.00.