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Early in 2022, River bed company switched to a just in time inventory system. Its sales revenue cost of goods and inventory amounts for 2021

Early in 2022, River bed company switched to a just in time inventory system. Its sales revenue cost of goods and inventory amounts for 2021 and 2022 are shown below.

sales revenue: (2021) $3,120,000 (2022) $3,749,500

cost of goods sold (2021) $1,236,000 (2022) $1,404,625

beginning inventory (2021) $182,500 (2022) $229,500

ending inventory (2021) $229,500 (2022) $101,000

dwtermine the turnover inventory for 2021 and 2022: round answers to 1 decimal place ex 1.5

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