Palmer Chocolates, a maker of chocolates that specializes in Easter candy, had the following inventories over the past year: Month Inventory Amount January $ 22,000,000 February 90,000,000 March 70,000,000 April 40,000,000 May 21,000,000 June 26,000,000 July 20,000,000 August 42,000,000 September 60,000,000 October 60,000,000 November 72,000,000 December 32,000,000

Palmer had sales of $300 million over the past year. Cost of sales constituted 50 percent of sales. Calculate Palmers inventory turnover using beginning of year inventory, end of year inventory, and a monthly average inventory. Do not round intermediate calculations. Round your answers to two decimal places.

a.) Inventory turnover (beginning of year inventory): = x

b.) Inventory turnover (end of year inventory): = x

c.) Inventory turnover (monthly average inventory): = x

d.) Which method is most appropriate? beginning of year inventory, end of year inventory, or monthly average inventory method?