Freiman Corporation's most recent balance sheet and income statement appear below:

Balance Sheet

December $31,$ Year $2$ and Year $1$

$($in thousands of dollars$)$

Year $2$ Year $1$

Assets

Current assets:

Cash $ $160$ $ $120$

Accounts receivable, net $220240$

Inventory $120130$

Prepaid expenses $4040$

Total current assets $540530$

Plant and equipment, net $700700$

Total assets $ $1,240$ $ $1,230$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $130$ $ $150$

Accrued liabilities $9090$

Notes payable, short term $6070$

Total current liabilities $280310$

Bonds payable $280290$

Total liabilities $560600$

Stockholders' equity:

Common stock, $$2$ par value $100100$

Additional paid$-$in capital $200200$

Retained earnings $380330$

Total stockholders' equity $680630$

Total liabilities & stockholders' equity $ $1,240$ $ $1,230$

Income Statement

For the Year Ended December $31,$ Year $2$

$($in thousands of dollars$)$

Sales $($all on account$)$ $ $1,310$

Cost of goods sold $780$

Gross margin $530$

Selling and administrative expenses $359$

Net operating income $171$

Interest expense $35$

Net income before taxes $136$

Income taxes $(30\%)41$

Net income $ $95$

The inventory turnover for Year $2$ is closest to:

Multiple Choice

$1\mathrm{.}08$

$6\mathrm{.}50$

$6\mathrm{.}24$

$0\mathrm{.}92$