The following information pertains to Unique 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 $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210.000 Total Assets $295.000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' Equity $295.000 Income Statement Sales revenue $ 75,000 40.000 Cost of goods sold Gross profit 35.000 Operating expenses 5.500 Net income $ 29,500 Sales revenue $ 75,000 40,000 35,000 Cost of goods sold Gross profit Operating expenses Net income 5,500 $ 29,500 5,000 $47.20 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 0.90 $30,000 What is the inventory turnover for this company? 2.25 times 2 times 1 time 44 times