Balance Sheet Accounts 12/31/17 12/31/18 Bonds Payable $2,100 $2,100 Cash 400 392 145 128 Accounts Receivable Preferred Stock 500 500 Accounts Payable 244 250 Land 3,285 3,285 Common Stock 1,200 1,200 480 520 320 400 Inventory Retained Earnings Unearned Rent Revenue (to be earned in 2 months) Prepaid Insurance (3-month policy) Taxes Payable 40 28 114 173 20 20 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 $60 Insurance Expense Interest Expense 32 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 Insurance Expense $60 Interest Expense 32 1,500 Cost of Goods Sold 25 Rent Revenue Net Sales Revenue 2,000 27 Tax Expense Other Information 2018 Dividends to Common Shareholders $40 2018 Dividends to Preferred Shareholders $200 2018 Common Shares outstanding 100sh 2018 Preferred Shares outstanding 50sh 2018 Stock Price $100 All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the following que Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the following question. What is the 2018 Inventory Turnover Ratio? Select one: O a. 4.00 O b. 3.13 OG 3.00 O d. 1.00 O e 2.88