a?

Windsor Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020 2021 2020 Sales $495,560 $475,090 146,580 154,124 346,590 323,060 Cost of goods sold Beginning inventory Net purchases Ending inventory Cost of goods sold Gross pront Operating expenses (138,874) (146,580) 354296 330,604 141,264 144,486 87,568 89,168 Profit $53,696 $55,318 (a) Calculate the inventory turnover ratio for Windsor for 2021 and 2020. (Round answers to 2 decimal places, c.8. 52.75.) 2021 2020 Inventory turnover times times