Condensed financial data are presented below for the Phoenix Corporation:

$20$X$220$X$1$

Accounts receivable $ $267,500$ $ $230,000$

Inventory $312,500257,500$

Total current assets $670,000565,000$

Intangible assets $50,00060,000$

Total assets $825,000695,000$

Current liabilities $252,500200,000$

Long$-$term liabilities $77,50075,000$

Sales $1,640,000$

Cost of goods sold $982,500$

Interest expense $10,000$

Income tax expense $77,500$

Net income $127,500$

Cash flow from operations $71,000$

Cash flow from investing activities $(6,000)$

Cash flow from financing activities $(62,500)$

Tax rate $30\%$

The inventory turnover for $20$X$2$ is $($rounded$)$:

Multiple Choice

$3\mathrm{.}45$ times.

$3\mathrm{.}80$ times.

$3\mathrm{.}12$ times.

$2\mathrm{.}61$ times.