Blanchard,Inc Calculate the Company's Inventory Turnover Ratio for the Year

Blanchard,Inc.provided the following for 2017: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,300,000 \\\hline \text { Beginning Merchandise Inventory } & 330,000 \\\hline \text { Ending Merchandise Inventory } & 350,000 \\\hline\end{array}$$ Calculate the company's inventory turnover ratio for the year.(Round your answer to two decimal places. )

A) 3.94 times per year
B) 3.82 times per year
C) 3.71 times per year
D) 1.91 times per year