Putter Company had a $28,000 beginning inventory and a $32,000 ending inventory. Net sales were $172,000; purchases, $95,000; purchase returns and allowances, $6,000; and freight-in, $3,000. Cost of goods sold for the period $88,000. What is Putter's rate of inventory turnover? OA. 32times O B. 2.9 times O C. 2.8 times O D. 54 times