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:

4.3 times

3.0 times

5.0 times

3.5 times