The following selected data are taken from the Blake Company's accounts:

Sales in 2012	$714,000
Cost of goods sold in 2012	432,000
Accounts receivable, 12/31/12	484,000
Accounts receivable, 1/1/12	440,000
Inventory, 1/1/12	260,000
Inventory, 12/31/12	140,000

The inventory turnover rate is:

	A.	1.66
	B.	3.57
	C.	2.16
	D.	1.35