Inventory Analysis A company reports the following: Cost of goods sold $619,040 Average inventory 77,380 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days 0 Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $1,213,000 Preferred dividends $69,000 Shares of common stock outstanding 80,000 Market price per share of common stock $147.29 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place