Thompson TV and Appliance reported the following in its 2021 financial statements: 39 2021 $429,000 8 00:32:06 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 70,000 339,000 409,000 106,000 303,000 $126,000 Thompson's 2021 inventory turnover ratio is: (Round your answer to two decimal places.) Multiple Choice 2.86. 4.88 3.44 O 4.05