Can you please help me understand how to set this up? I keep getting an answer of 4.57x for Question #1.

Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550. The company reported annual sales of $100,000 in the most recent annual report. Additionally, the company's cost of goods sold is 75% of sales.

Question 1: Over the past year, how often did Polk Software Inc. sell and replace its inventory?

2.86x

8.01x

3.76x

3.42x

Question 2: The inventory turnover ratio across companies in the software industry is 3.762x. Based on this information, which of the following statements istruefor Polk Software Inc.?

Polk Software Inc. is holding more inventory per dollar of sales compared with the industry average.

Polk Software Inc. is holding less inventory per dollar of sales compared with the industry average.