Palmer Chocolates, a maker of chocolates that specializes in Easter candy, had the following inventories over the past year:

Month	Inventory Amount
January	$	27,000,000
February		90,000,000
March		80,000,000
April		38,000,000
May		26,000,000
June		28,000,000
July		26,000,000
August		41,000,000
September		60,000,000
October		60,000,000
November		75,000,000
December		32,000,000

Palmer had sales of $300 million over the past year. Cost of sales constituted 40 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.

Inventory turnover (beginning of year inventory): x

Inventory turnover (end of year inventory): x

Inventory turnover (monthly average inventory): x

Which method is most appropriate? -Select-Beginning of yearEnd of yearMonthly averageItem 4 method is most appropriate.