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Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $80,000 $72,000 Inventory 84,000 70,000 Net sales

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

2018 2017
Accounts receivable $80,000 $72,000
Inventory 84,000 70,000
Net sales 400,000 372,000
Cost of goods sold 254,000 216,000
Total assets 850,000 810,000
Total stockholders equity 500,000 450,000
Net income 75,000 56,000

TPX Company's 2018 inventory turnover is (rounded to one decimal place):

3.0 times.

5.2 times.

3.3 times.

3.6 times.

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