Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 35, eee 53,000 73,000 215, eee 420,000 150,000 279,00 345,000 324, eee 25,90 Dec 31, 2021 $ 39,500 62,000 77,000 228, eee 405, eee 150,eee 255, eee 460,000 375, eee 35,000 Required: Compute the inventory turnover ratio for 2021. Inventory turnover ratio