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Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $46,878 $52,183 $52,212 Accounts receivable, net 99,044 75,015 62,182 Merchandise inventory

Corona Company's balance sheet accounts follow:

At December 31

2014

2013

2012

Assets

Cash

$46,878

$52,183

$52,212

Accounts receivable, net

99,044

75,015

62,182

Merchandise inventory

116,130

94,511

67,125

Prepaid expenses

29,340

29,119

24,459

Plant assets, net

262,864

239,952

220,572

Total assets

$554,256

$490,780

$426,550

Liabilities and Equity

Accounts payable

$140,078

$99,155

$73,889

Long-term notes payable secured by mortgages on plant assets

117,811

119,839

102,069

Common stock, $10 par value

172,500

172,500

172,500

Retained earnings

123,867

99,286

78,092

Total liabilities and equity

$554,256

$490,780

$426,550

What is Corona Company's inventory turnover ratio for 2014, assuming net sales and gross profit for the period were $1,484,153, $1,030,337 respectively?

5.79

4.31

10.90

4.80

5.09

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