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I need help. The financial statements of Patterson Company include the following data: 2019 Sales $1,054,992 Cost of Goods Sold 293,105 Operating Expenses 243,000 Net

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The financial statements of Patterson Company include the following data: 2019 Sales $1,054,992 Cost of Goods Sold 293,105 Operating Expenses 243,000 Net Cash Provided From Operating Activities 542,687 Net Income 518,887 Dividends 65,000 Earnings per Share 1.61V Balance Sheet December 31 Assets Dec 31, 2019 Dec 31, 2018 Cash $1,030,787 $390,500 Accounts Receivable, net 71,800 77,000 Inventory 98,300 93,900 Total Current Assets 1,200,887 561,400 Plant Assets, net 194,000 219,000 Total Assets $1,394,887 $780,400 Liabilities and Stockholders' Equity Current Liabilities $47,800 $44,200 10% Bonds Payable 57,000 67,000 Total Liabilities 104,800 111,200 Common Stock, $1 par 406,000 239,000 Retained Earnings 884,087 430,200 Total Stockholders' Equity 1,290,087 669,200 Total Liabilities and Stockholders' Equity $1,394,887 $780,400Required: Compute the inventory turnover ratio for 2019. Round your answer to two decimal places. (If necessary, consult a list of formulas.) Inventory turnover ratio

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