2GFU Corporation has the following financial data for the years 20XX and 20XY: Sales Cost of goods sold Inventory 20xx 20XY $3,968,000 $4,112,000 2,976,000 3,341,000 496,000 514,000 a. Compute inventory turnover based on sales for each year. (Round the final answer to 1 decimal place.) Inventory turnover ratio 20xx 20XY b. Compute inventory turnover based on cost of goods sold for each year. (Round the final answers to 1 decimal place.) Inventory turnover ratio 20XX 2OXY