I auditors usually calculate Inventory turnover (cost of goods sold for the year divided by average inventory) and use the ratio as a broad indication of inventory age, obsolescence, or overstocking. External auditors are Interested in evidence relating to the material accuracy of the financial statements taken as a whole. Internal auditors, on the other hand, calculate turnover by categories and classes of Inventory to detect problem areas that might otherwise be overlooked. This kind of detailed analytical audit might point to conditions of buying errors, obsolescence, overstocking, and other matters that could be changed to save money The data shown in Exhibit D.471 are for turnover, cost of sales, and inventory investment for a series of four historical years and the current year. In each of the years, the external auditors did not recommend any adjustments to the inventory valuations EXHIBIT D.47.1 Inventory Data Current-Year Inventory inventory 202015 2016 2017 Total inventory Materials and parts Work-in-process Finished products Beginning 3,000 1-365 623 Ending $2,917 697 500 2.1 4.0 12.0 2.0 2.1 4.3 11.5 2.1 4.5 11.7 12.5 Computer games Flash drives Semiconductor parts Chargers and cables 6.0 8.0 4.0 3.0 7.0 7.2 3.5 2.5 10.0 7.7 4.5 2.0 24.0 8.5 64 80 300 1.9 Additional Information Current Year ($000) TransfersSales Cost of Goods Sold Gross Profit Compared to prior year Materials and parts $3,970 7,388 NA NA Work-in-process Computer games Flash drivers NA NA $2,200 2,000 2,400 800 NA NA S200> 1,000 1,600 200 2,320 $%2,000 Sales volume declined 60% Sales volume increased 35% Sales volume increased 40% Sales volume declined 3% 2236 Semiconductor parts2,720 3,000 4,000 1,000 Chargers and cables 712 NA means not applicable. Cost of materials transferred to Work-in-Process, Cost of goods tronsferred from Work-in-Process to Finished Product laveatories Cost of materials, labor, and overhead transferred to Fiished Goods Selling prices also were reduond and the gross margia declined Required: Calculate the current-year inventory turnover ratios. (Round your answers to 1 declmal place.) 2018 Finished products: Computer games Flash drives Semiconductor parts Chargers and cables Work-in-process Materials and parts Total inventory