Perez Corporation has the following financial data for the years 20X1 and 20X2: Sales Cost of goods sold Inventory 20X1 $6,300,000 20x2 $ 7,910,000 6,497,500 450,000 565,000 4,950,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory Note: Round your answers to 1 decimal place. 20X1 20X2 Inventory Turnover Ratio times times 12 b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. Note: Round your answers to 1 decimal place. Inventory Turnover Ratio 20X1 20X2 times times