Perez Corporation has the following financial data for the years 20X1 and 20X2: 20X2 Sales Cost of goods sold Inventory 20X1 $ 5,724,000 4,664,000 424,000 $ 6,777,000 5,773,000 502,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.) 20X1 20X2 Inventory Turnover Ratio times times b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. (Round your answers to 2 decimal places.) Inventory Turnover 20X1 20X2 Ratio times times