Perez Corporation has the following financial data for the years 20X1 and 20X2: Sales Cost of goods sold Inventory 20X1 $ 3,843,000 2,989,000 427,000 20X2 $ 5,391,000 4,792,000 599,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.) Inventory Turnover Ratio 20X1 times 20X2 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 Ratio times 20X1 20X2 times