During the year just ended, the retailer James Corporation purchased $453,000 of inventory. The inventory balance at the beginning of the year was $204,000. If the cost of goods sold for the year was $477,000, then the inventory turnover for the year was: Multiple Choice 2.48 5.34 2.65 5.36 Dratif Corporation's working capital is $42,000 and its current liabilities are $116,000. The corporation's current ratio is closest to: Multiple Choice 1.36 0.36 2.36 0.73