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Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 $ 438,000 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 78,000 339,000 417,000 92,000 325,000 $113,000 Thompson's 2021 inventory turnover ratio is: (Round your answer to two decimal places.) Multiple Choice 3.82 3.53