2GFU Corporation has the following financial data for the years 20XX and 20XY:

	20XX	20XY
Sales	$4,494,000	$5,775,000
Cost of goods sold	3,424,000	4,675,000
Inventory	428,000	550,000

a. Compute inventory turnover based on sales for each year. (Round the final answer to 1 decimal place.)

	Inventory turnover ratio
20XX	x
20XY	x

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	x
20XY	x