Perez Corporation has the following financial data for the years 20X1 and 20X2: Sales Cost of goods sold Inventory 20x1 $ 4,510,000 3,157,000 451,000 20x2 $ 5,220,000 4,176,000 522,000 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 times 20X1 20X2