The following balance sheet Information is provided for Gaynor Company: Cash Accounts receivable Inventory Year 2 $ 4,050 16,800 $42,500 Year 1 $ 3,300 14,800 $50,000 Assuming Year 2 cost of goods sold is $128,000, what is the company's Inventory turnover? Multiple Choice O 2.56 times 2.77 times Looo 3.01 times None of the these answers is correct