Brief Exercise $12-7($Algo$)$ Calculate inv$$ntory turnover $($LO$12-3)$

Universal Sports Supply began the year with an inventory balance of $$71,000$ and a year$-$end balance of $$69,000.$ Sales of $$735,000$ generate a gross profit of $$245,000.$

Calculate the inventory turnover ratio for the year.

$\backslash$table$[[$Inventory Turnover Ratio,,,$],[$Numerator$/$Denominator$,$Amounts,,$],[$Universal Sports Supply,$=,,0$ times$],[,,,]]$