The following information is available for Miguel Company at December 31, 2018: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $1,300,000; and sales $1,800,000. Miguels inventory turnover in 2018 is

1. 4.38 times.

2. 5.25 times.

3. 6.50 times.

4. 9 times.