R Company has the following selected financial statement information R Company 12/31/2017 & 12/31/2016 Balance sheet 12/31/17 12/31/16 Cash Accounts Receivable Inventory Land 20,000 110,000 270,000 600,000 30,000 90,000 230,000 600,000 Current Liabilities Long-term Liabilities Common Stock $100,000 150,000 200,000 100,000 500,000 200,000 500,000 200,000 Retained Earnings R Company 2017 Income Statement Net Sales (all credit) Cost of Goods Sold Gross Profit Operating Expenses Net Income $800,000 500,000 300,000 270,000 30,000 Compute R Company's Inventory turnover Round and enter your answer to two decimal places. For example, enter 2.467 as 2.47. Enter 2.342 as 2.34. Enter 2.5 as 2.50. Enter 3 as 3.00