Use the following information to answer this question

Douglas, Ltd. has prepared the following comparative balance sheets for 2019 and 2020:

2019

2020

Cash

$99,000

$51,000

Accounts receivables

53,000

39,000

Inventory

101,000

118,000

Prepaid expenses

6,000

9,000

Buildings and equipment

420,000

350,000

Accumulated depreciation

(150,000)

(125,000)

$529,000

$442,000

Accounts payable

$51,000

$56,000

Interest payable

4,000

Income taxes payable

20,000

10,000

Long-term bank loan payable

200,000

150,000

Common shares

215,000

200,000

Retained earnings

43,000

22,000

$529,000

$442,000

The income statement for 2020 is as follows:

Sales (all on credit)

$660,000

Cost of Goods Sold

(363,000)

Salary expense

(127,000)

Depreciation expense

(45,000)

Rent expense

(5,000)

Interest expense

(8,000)

Income taxes expense

(45,000)

Net income

$67,000

Inventory turnover ratio in 2020 is

Select one:

a.3.31 times

b.2.85 times

c.0.82 times

d.3.59 times