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Crane Inc. has sales of $2,400,000, a gross profit margin of 34.6 percent, and inventory of $900,000. What are the companys inventory turnover ratio and

Crane Inc. has sales of $2,400,000, a gross profit margin of 34.6 percent, and inventory of $900,000. What are the companys inventory turnover ratio and days sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

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