Glee Consolidated had sales of $15,000,000 for 2020. On December 31,2019 the balance in Accounts Receivable was $700,000 and on December 31, 2020, the balance was $1,300,000. On December 31, 2019, the balance in Inventory was $400,000 and on December 31, 2020, the balance was $600,000. The Cost of Goods Sold during 2020 was $11,000,000.

Compute the Inventory turnover ratio.