8 A company began the year with an Inventory balance of $180,000, and had a year-end balance of $200,000. Sales of $800,000 generated a gross profit of $150,000. Calculate the Inventory turnover ratio for the year. (Round your answer to 1 decimal place.) Inventory turnover ratio times

C company began the year with an inventory batance of $180,000, and had a year-end bolance of $200,000,5At, of $800,000 generated a gross profit of $150,000. Calculate the Inventory turnover ratio for the year. (Round your answer to 1 decimal place.)