Grant Communications is forecasting its financial statements for the upcoming year. Highlights include: Current assets of $6mili ion Current ratio of 20 Sales of $20 million Ifvertory turnover ratio (Sales/irventory) of 6 The campany's CFO is concemed about the forecasted inventory tumover ratio. Her goal is cut inventiory enough to obtain an inventory tumover ratio of X, which is the industry average, whille still maintainirg sales at $20 million. W the company can accemplish this goal, the cash generated from the cut in inverhories will be used to cue accounts payable. This will give the firm a Quick Patio flCurert Assets - livertiony) / Corrent Liabilties) of 1.60. What is X the desired invertiony tumover ratio? Enter your answer, truncated to 2 decimal places. For examble, eriter 7.777 as 7.77