Paver Designs operates an exclusive bridal boutique in Manhattan. All gowns are designed by Lang but are manufactured by various small firms in France and Italy. Paver Designs Balance Sheets December 31 2021 December 31 2020 Assets Current assets: Cash Accounts receivable $64,450 349,711 1,799,340 62,312 $88,522 335,106 1,771,400 65,360 2,260,388 1,599,577 $3,859,965 2,275,813 1,599,577 $3,875,390 $73,595 89,379 Inventory Prepaid expenses Total current assets Building, furniture and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Bank loan payable Other accrued payables Total current liabilities Long-term debt Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 12,931 $65,088 108,910 11,044 185,042 364,122 549,164 175,905 309,618 485,523 1,245,121 1,245,121 2,144,746 3,389,867 $3,875,390 2,065,680 3,310,801 $3,859,965 December 31, 2020 $19,208,399 12,594,654 6,613,745 Paver Designs Income Statements December 31, 2021 Net sales $20,685,676 Cost of goods sold 14,304,753 Gross margin 6,380,923 Operating expenses: Selling expenses 642,960 General and administrative expenses 2,699,132 Total operating expenses 3,342,092 Operating income 3,038,831 Interest expense 28,882 Income before taxes 3,009,949 Income taxes 601,990 Net income $2,407,959 582,164 2,294,715 2,876,879 3,736,866 38,256 3,698,610 739,722 $2,958,888 Assume you are the vice president of operations of Paver. To prepare for a meeting with Adrienne Aiello, the company president, you are in the process of analyzing inventory. Compute inventory turnover and days' sales in inventory. (Round all answers to 2 decimal places, e.g. 5.25.) 2021 2020 Inventory turnover times times Days' sales in inventory days days