2. Donny's Furniture Company sells industrial furniture for office buildings. During the current year. Donny reported cost of goods sold on its income statement of $1,000,000. Donny's beginning inventory was $3,000,000 and its ending inventory was $4,000,000. What is Donny's turnover ratio? 3. Given the following information, what is the annual inventory turnover ratio? Revenue $3.480.000 Cost of Revenue $2.137,500 Quarter 1 Ending Inventory $102,000 Quarter 2 Ending Inventory S145,000 Quarter 3 Ending Inventory $188,000 Quarter 4 Ending Inventory $135.000