Ch 5 HW Question 2 (of 10) 2. The following is a portion of the condensed income statement for Rowan, Inc, a manufacturer of plasti containens Net sales Less Cost of goods sold $2,860,000 Inventory, January 1670,000 Net purchases Inventory, December 31 (710,000) 2,260,000 Gross profit $ 600,000 Required 1. Determine Rowan's inventory turnover (Round your answer to 2 decimal places.) Inventory turnover ratio times O Type here to search