What is the Inventory turnover ratio for 2008? 2007 2007 2008 $ 2,820 S 2,570 Balance Sheet (S in Millions) 2008 Current Assets Current Liabilities Cash S 310 S 405 Accounts receivable 2,640 3,055 Long-term debt Inventory 3,275 3,850 Owners' Equity Total S 6.225 S 7310 Common stock Fixed assets $10.960 $10,670 Retained earnings Total Total assets $17.185 17.980 Total liabilities and equity S 7.875 S 8,100 S 5,000 S 5,250 1,490 2,060 $ 6.420 S 7,310 S 17.185 $17.980 Income Statement (S in Millions) Sales $ 9,610 Cost of Goods Sold 6,310 Depreciation 1.370 EBIT 1.930 Interest 630 Taxable income Taxes 455 Net Income S 845 1.300 What is the Inventory Turnover Ratio for 2008? O 2.5 1.31 O 1.64 O None of the above