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Calculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) begin{tabular}{|c|c|c|c|c|c|} hline
Calculate the average inventory (in \$) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) \begin{tabular}{|c|c|c|c|c|c|} \hline Company & \begin{tabular}{c} Beginning \\ Inventory \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Average \\ Inventory \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{c} Inventory \\ Turnover \end{tabular} \\ \hline a chain of jewelry stores & $1,549,800 & $1,368,000 & $204,400 & $6,700,000 & 95,400 \\ \hline \end{tabular}
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