If a company with cost of goods sold of $500,000 and credit sales of $1,200,000 began the year with inventory of $42,000 and ended the year with inventory of $38,000, what is its inventory turnover? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50. Numeric Response If a company's cash cycle is 40 days, accounts payable period is 29 days, and accounts receivable period is 33 days, how many days are in its inventory period? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50. Numeric Response