The following information pertains toSwiftyCompany. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

AssetsCash and short-term investments$40000Accounts receivable (net)25000Inventory20000Property, plant and equipment213000Total Assets$298000Liabilities and Stockholders' EquityCurrent liabilities$58000Long-term liabilities88000Stockholders' equity-common152000Total Liabilities and Stockholders' Equity$298000Income StatementSales revenue$85100Cost of goods sold38200Gross margin46900Operating expenses20900Net income$26000Number of shares of common stock5200Market price of common stock$20Dividends per share on common stock0.90Cash provided by operations$29600

What is the inventory turnover for this company?

1.66times

1.91times

0.66times

0.10times