For GHI Inc., calculate the inventory turnover ratio and days sales outstanding (DSO) based on the following information for the year ended December 31, 2023:

Item	Amount ($)
Cost of Goods Sold	400,000
Average Inventory	80,000
Sales Revenue	800,000
Accounts Receivable	120,000

Required:

• Calculate the inventory turnover ratio.
• Determine the days sales outstanding.