Anthony Thomas Candies (ATC) reported the following financial data for 2016 and 2015:

	2016	2015
Sales	$314,000	$289,000
Sales returns and allowances	9,000	6,000
Net sales	$305,000	$283,000
Cost of goods sold:
Inventory, January 1	61,000	18,000
Net purchases	150,000	129,000
Goods available for sale	211,000	147,000
Inventory, December 31	66,000	61,000
Cost of goods sold	145,000	86,000
Gross profit	$160,000	$197,000

ATC's inventory turnover ratio for 2016 is (Round your answer to two decimal places):

None of these is correct.

2.28.

2.20.

4.39.