Given this information: Cash Accounts receivable Inventory Prepaid insurance Equipment Accum. depreciation Land 2019 2020 $1,400 $1,300 $6,200 $5,100 $14,000 $18,500 $1,300 $1,900 $22,000 $22,000 ($5,600) ($6,600) $5,600 $6.800 $44,900 $49.000 2019 2020 Accounts payable $1,900 $2,300 Utilities payable $500 $900 Salaries payable $1,800 $1,600 Notes payable $14,000 $15,500 Interest payable $400 $500 Common stock $16,000 $16,000 Retained earnings $10,300 $12.200 $44,900 $49,000 What was the company's inventory turnover ratio during 2020 if the company purchased $82,000 in inventory during the year? 05.05 4.43 O 4.77 4.19 O 5.54