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Ivanhoe Company had sales of $2,400,000, cost of goods sold of $1,162,000, and profit of $509,000 in 2021. The company had a January 1,

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Ivanhoe Company had sales of $2,400,000, cost of goods sold of $1,162,000, and profit of $509,000 in 2021. The company had a January 1, 2021, inventory balance of $135,000 and a December 31, 2021, inventory balance of $145,000. Calculate the inventory turnover and days sales in inventory ratios for 2021. (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Inventory turnover Days sales in inventory times days

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