Exercise 9-4 Inventory turnover LO 9-2 Selected financial information for Gibson Company for 2019 follows: Sales $ 2,200,000 Cost of goods sold 1,540,000 Merchandise inventory Beginning of year 159,000 End of year 195,000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2019? (Round your answer to 2 decimal places.)