The Following Company Information Is Available What Is the Company's Inventory Turnover Ratio? (Round Your Answer

The following company information is available: $$\begin{array} { | l | r | } \hline \text { Average accounts receivable } & \$ 500,000 \\\hline \text { Average inventories } & 130,000 \\\hline \text { Average accounts payable } & 140,000 \\\hline \text { Net sales } & 3,000,000 \\\hline \text { Cost of goods sold } & 1,600,000 \\\hline \text { Purchases } & 1,140,000 \\\hline\end{array}$$
What is the company's inventory turnover ratio? (Round your answer to one decimal place, X.X.)

A) 3.2
B) 12.3
C) 23.1
D) 6.0