A company reported the following financial data for 2024 and 2023 : The inventory turnover ratio for 2024 is: Note: Round your answer to two decimal places. Multiple Choice 1.35 The Genworth Company adopted the dollar-value LIFO (DVL) method on January 1, 2024 when the inventory value of its one inventory pool was $450,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2024, the CPI was 280 . On December 31,2024 , inventory valued at year-end cost was $504,000 and the CPI was 294. Required: Calculate the inventory value at the end of 2024 using the dollar-value LIFO method