Highway Company had a $28,000 beginning inventory and a $35,000 ending inventory. Net sales were $184,000; purchases, $93,000; purchase returns and allowances, $7,000 and freight-in, $3,000. Cost of goods sold for the period is $82,000. What is Highway's rate of inventory turnover? A. 5.3 times B. 3.0 times C. 2.3 times D. 2.6 times