The following information pertains to Sheridan Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 41000 Accounts receivable (net) 25000 Inventory 20000 Property, plant and equipment 215000 Total Assets $301000 Liabilities and Stockholders Equity Current liabilities $ 60000 Long-term liabilities 86000 Stockholders equity-common 155000 Total Liabilities and Stockholders Equity $301000 Income Statement Sales revenue $ 84300 Cost of goods sold 40400 Gross margin 43900 Operating expenses 19500 Net income $ 24400 Number of shares of common stock 6200 Market price of common stock $20 Dividends per share on common stock 0.90 Cash provided by operations $30800 What is the inventory turnover for this company?