Saved Young, Inc. 2018 Statement of comprehensive income ($ in millions) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 180 Earnings before interest and taxes 599 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings $254 Dividends paid 109 2 Young, Inc. 2017 and 2010 SU Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 2018 Cash $100 $121 Accounts payable $400 S350 Accounts rec. 350 425 Notes payable 390 370 Inventory 440 410 Total $790 $720 Total $890 $956 Long-term debt 500 550 Net fixed assets 1.556 1704 Common stock 600 580 Retained earnings 556 810 Total assets $2.446 $2.660 Total liabilities $2.446 $2660 What was inventory turnover for 2018? Multiple Choice 1.38 O 1.42 1.48 3.15 3.38