Consider the following: Year 3 Year 2 Year 1 Cash $12,000 $8,000 $10,000 Inventories $18,000 $16,800 $15,000 Accounts payable $3,000 $2,000 $4,000 Long-term debt $13,000 $10,000 $2,000 Net sales $82,000 $98,000 $45,000 Operating income $22,000 $24,000 $12,000 Net income $20,000 $19,500 $11,000 Use the information above. What is the inventory turnover rate for Year 3?