Procter & Gamble is a business that manufactures and sells kitchenware. For the year ended 30 June 2021, sales revenue for the business is $764 760 which includes 30% credit sales with the balance of sales in cash. The gross profit ratio is 50% and operating expenses are $250 470. Other relevant balances are listed below: 30 June 2021 30 June 2020 Cash $5 000 $12 000 Accounts receivable 22 520 21 830 Inventory 29 190 29 910 Required:

2) Calculate inventory turnover for the year ended 30 June 2021. Round your answer to two decimal places.