The following data are pulled from a recent Wa

lsh Manufacturing annual report.

Assets

Raw material inventory

Work$-$in$-$process inventory

Finished goods inventory

Property, plant & equipment

Other assets

Total assets

$00$

Condensed Income Statement

Revenue

$00$

Cost of goods sold

Other expenses

$$150,000$

$$50,000$

$$330,000$

$$500,000$

$$140,000$

$$1,170,0$

${00}_{?}$

Net income

$$2,000,0$

$$700,000$

$$1,000,0$

$$300,000$

Inventory turnover is:

$2\mathrm{.}12$

$0\mathrm{.}60$

$1\mathrm{.}04$

$1\mathrm{.}32$