Markus Companys common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 45,500	$ 39,200
Accounts receivable	$ 82,000	$ 61,200
Inventory	$ 67,600	$ 82,000
Current assets	$ 195,100	$ 182,400
Total assets	$ 648,000	$ 689,200
Current liabilities	$ 72,500	$ 73,500
Total liabilities	$ 188,000	$ 169,200
Common stock, $1 par value	$ 145,000	$ 145,000
Total stockholders equity	$ 460,000	$ 520,000
Total liabilities and stockholders equity	$ 648,000	$ 689,200

	This Year
Sales (all on account)	$ 900,000
Cost of goods sold	$ 522,000
Gross margin	$ 378,000
Net operating income	$ 228,000
Interest expense	$ 12,000
Net income	$ 151,200

10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)

Markus Companys common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 45,500	$ 39,200
Accounts receivable	$ 82,000	$ 61,200
Inventory	$ 67,600	$ 82,000
Current assets	$ 195,100	$ 182,400
Total assets	$ 648,000	$ 689,200
Current liabilities	$ 72,500	$ 73,500
Total liabilities	$ 188,000	$ 169,200
Common stock, $1 par value	$ 145,000	$ 145,000
Total stockholders equity	$ 460,000	$ 520,000
Total liabilities and stockholders equity	$ 648,000	$ 689,200

	This Year
Sales (all on account)	$ 900,000
Cost of goods sold	$ 522,000
Gross margin	$ 378,000
Net operating income	$ 228,000
Interest expense	$ 12,000
Net income	$ 151,200

10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)

Inventory turnover
Average sale period		days