Based on the following data for the current year, compute the inventory turnover.

Net sales on account during the year	$585,000
Cost of merchandise sold during the year	380,000
Accounts receivable, beginning of year	47,000
Accounts receivable, end of year	36,000
Inventory, beginning of year	92,000
Inventory, end of year	113,000

Select one:

a. 1.1

b. 2.9

c. 3.7

d. 1.9