Thompson TV and Appliance reported the following in its 2018 financlal statements: 2018 $427,000 Sales Cost of goods sold: Inventory, January1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold 64,000 321,000 385,000 96,000 289,000 $138,000 Gross profit Thompson's 2018 Inventory turnover ratio is: (Round your answer to two decimal places.) Multiple Choice 5.34. 4,45