During the year just ended, the retailer James Corporation purchased $437,000 of inventory. The inventory balance at the beginning of the year was $190,000. If the cost of goods sold for the year was $461,000, then the inventory turnover for the year was: (Round your Final answers to 2 decimal places.)

a. 2.59

b. 2.43

c. 2.78

d. 2.46