The January 28, 2020 (fiscal year 2019) financial statements of Firm C reported the following information: FY2019 FY2018 Revenues $2,839,702 $2,314,449 $1,860,000 Cost of sales $2,042,600 Inventories, net 752,425 583,914 LIFO reserve 8,600 6,200 If Firm C had used the FIFO method of inventory costing, the FY2019 inventory turnover ratio would have been: (Hint: Use FIFO COGS and FIFO inventories to calculate the FIFO inventory turnover ratio.) 2.71 3.02 2.68 3.19