The following contains the beginning and ending balances of Iconic Brand's assets on its balance sheet.

in addition, the company had sales of $4,230,000, operating expenses of $3,855,000, and interest expense of $234,000. What was the turnover for the company? Round to the nearest hundredth.

Answer Choices:

- 3.93

- 10.44

- 2.76

- 2.87

Beginning Balance Ending Balance Balance Assets Cash Accounts receivable Inventory Equipment, net Building (vacant, unused) S 135,000 (245,000 477,000 674,000 1406,000 S/126,000 302.000 385,000 600,000 1395,000