Laware Corporation has provided the following data:

		This Year	Last Year
	Accounts receivable...........	$118,000	$138,000
	Inventory...........................	$180,000	$170,000
	Sales on account................	$714,000
	Cost of goods sold.............	$447,000

The inventory turnover for this year is closest to:

Question 40 options:

	2.55
	0.94
	2.48
	1.06