Green Thumb Garden Supplies reported the following information for 2017 and 2018. 2018 2017 Assets Cash $ 50,000 $ 45,000 Accounts receivable 35,000 25,000 Inventory 25,000 20,000 Property, plant, and equipment 240,000 210,000 Total assets $350,000 $300,000 Liabilities and Shareholders Equity Current liabilities $ 65,000 $ 60,000 Non-current liabilities 110,000 90,000 Shareholders equitycommon 175,000 150,000 Total liabilities and shareholders equity $350,000 $300,000 Income statement for 2018 Sales $95,000 Cost of goods sold 45,000 Gross profit 50,000 Operating expenses 15,000 Income before income tax 35,000 Income tax expense 5,000 Net income $30,000

What is the inventory turnover ratio for 2018?

2.3 times

2.0 times

1.8 times

0.5 times