Question The following data are for Confession Company Accounts Payable 5.290 Accounts Receivable 8160 . Co Stock: 3970 Cost 350 Cost of Good Sold: $1.460 Inventory 5940 Long-term Debt: $1220 Net Income: (570) Property, Plant and Equipment (net): $610 Retained Earnings: (860) Sales: $2.200 Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made) and is a NEGATIVE amount. Compute INVENTORY TURNOVER. Note: If you need to compute the average balance for any account, assume that the beginning-of- year balance is the same as the end-of-year balance reported above. 1.46 2.34 1.55 O 0.79