Perez Corporation has the following financial data for the years 20X1 and 20X2:

	20X1	20X2
Sales	$	3,843,000	$	5,391,000
Cost of goods sold		2,989,000		4,792,000
Inventory		427,000		599,000

a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.)

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.)