Excerpts from Nationwide Company's December 31, 2021 and 2022, financial statements are presented below: 2021 2022 Accounts receivable $80,000 $72,000 Inventory 84,000 70,000 Net sales (all credit) 400,000 372,000 Cost of goods sold 254,000 216,000 Total assets 850,000 810,000 Total stockholders' equity 500,000 450,000 Net income 75,000 56,000 What is the inventory turnover ratio for 2022? (Round your answer to one decimal place.)