5 Required information Part 3 of 4 In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. 1 points Skipped On December 31, NGS purchased 20 units at a total cost of $5.70 per unit. Nicole purchased 50 more units at $770 in February. In March, Nicole purchased 20 units at $9.70 per unit. In May, 70 units were purchased at $9.50 per unit. In June, NGS sold 70 units at a selling price of $11.70 per unit and 60 units at $11.30 per unit. Print 3. Calculate the inventory turnover ratio, using the inventory purchased on December 31 as the beginning inventory. (Round your answers to 2 decimal places.) Inventory Turnover Ratio Numerator Denominator