Required information [The following information applies to the questions displayed below.) Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 15,000 9,000 133,200 6,000 Clark $ 41,000 51,000 157,600 51,000 2. Calculate the inventory turnover ratio for each company. Inventory Turnover Ratio Lewis times Clark times