Wood Company and Picard Company reported the following information in their financial statements, prior to their merger:

Wood Company

Picard Company

$ millions	Sales	COGS	Inventories		Sales	COGS	Inventories
Year 2	$57,000	$40,775	$13,340		$88,560	$64,200	$33,800
Year 1	55,000	29,960	16,880		92,200	48,800	30,800

To the closest hundredth, how much is the Year 2 inventory turnover for Wood Company?

Select one:

A. 1.28

B. 2.70

C. 2.42

D. 3.06