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

	20X1	20X2
Sales	$ 5,748,000	$ 6,624,000
Cost of goods sold	4,790,000	5,796,000
Inventory	479,000	552,000

1. Compute the inventory turnover for each year using the formula Sales/Inventory.

   Note: Round your answers to 1 decimal place.

2. 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.