The following information was available for the year ended December 31, 2019: Net sales $300,000 Cost of goods sold 210,000 Average accounts receivable for the year 15,000 Accounts receivable at year-end 18,000 Average inventory for the year 60,000 Inventory at year-end 70,000 The inventory turnover for 2019 was: Multiple Choice 5.0 times 3.0 times 3.5 times 4.3 times