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Early in 2022, Grouper Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022

Early in 2022, Grouper Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022 are shown below. image text in transcribed

Early in 2022, Grouper Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022 are shown below. 2021 2022 Sales revenue $3,126,000 $3,714,000 Cost of goods sold 1,231,500 1,414,600 185,000 225,500 Beginning inventory Ending inventory 225,500 96,000 (51) Determine the inventory turnover for 2021 and 2022. (Round answers to 1 decimal place, e.g. 1.5.) 2021 2022 Inventory turnover

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