1. Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are presented below:

   	2018	2017
   Accounts receivable	$40,000	$36,000
   Inventory	28,000	35,000
   Net sales	190,000	186,000
   Cost of goods sold	114,000	108,000
   Total assets	425,000	405,000
   Total stockholders equity	240,000	225,000
   Net income	32,500	28,000

   Stealth Company's 2018 inventory turnover is (rounded to two decimal places):

   		3.62 times.
   		3.96 times.
   		4.07 times.
   		6.03 times.