The following information pertains to Vaughn 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 Accounts receivable (net) Inventory Property, plant and equipment Total Assets $ 41000 26000 19000 211000 $297000 Liabilities and Stockholders' Equity Current liabilities $ 60000 Long-term liabilities 91000 Stockholders' equity-common 146000 Total Liabilities and Stockholders' Equity $297000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $ 84000 47500 36500 20500 $ 16000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 5200 $22 0.90 $29700 What is the inventory turnover for this company? What is the inventory turnover for this company? O 2.25 times O 2.50 times O 1.25 times O 0.69 times