White Corporation has provided the following data: This Year Last Year

Accounts receivable...................... $ 89,000 $107,000

Inventory........................................ $160,000 $180,000

Sales on account........................... $627,000

Cost of goods sold......................... $488,000 $450,000 The inventory turnover for this year is closest to:

A.

3.09

B.

0.98

C.

2.87

D. 3.05