Hep Jave Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 $420,000 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 82,000 340,000 422,000 86,000 336,000 $ 84,000 Thompson's 2021 inventory turnover ratio is: Multiple Choice 3.91 4.00. 4.88 5.00