1. The following information was taken from the records of Kane Company:

Beginning inventory	$ 135,000
Ending inventory	150,000
Net credit sales	1,440,000
Cost of goods sold	810,000
Net income	112,500

Given this information, Kane's inventory turnover is how many times [round to 2 decimal places]?

2. The following information was taken from the records of Kane Company:

Beginning inventory	$ 135,000
Ending inventory	150,000
Net credit sales	1,440,000
Cost of goods sold	810,000
Net income	112,500

Assuming that a business year consists of 365 days, the number of days' sales in inventory was [round to the day]?: