Selected year-end data for the Berkeley Company are presented below:

Acid-test ratio 2.5 to 1

Cost of goods sold $1,000,000

Current liabilities$1,200,000

Current ratio3.0 to 1

The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was closest to:

1.20 times.

1.67 times.

2.33 times.

2.40 times.