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Henly Custom Automotive Interiors has collected the following information from the past two years. You are a new hire as a Procurement Specialist and have

Henly Custom Automotive Interiors has collected the following information from the past two years. You are a new hire as a Procurement Specialist and have been asked to look at and comment on their inventory performance. Rounded to 1 Decimal place, what is the 2019 Inventory Turnover?

2019 2020
Cost of goods sold 6,612,800 5,685,100
Raw Materials 215,500 230,400
WIP 560,000 580,000
Finished Goods 350,800 362,000
Operating Supplies 99,500 118,200

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