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The average inventory at cost for the year for Media Industries was $ 1 6 2 , 3 0 0 . Their cost of goods

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The average inventory at cost for the year for Media Industries was $162,300. Their cost of goods sold for the year was $738,400. The inventory turnover rate published for a business of this size is 5.2 times.
Calculate the actual inventory turnover rate at cost for the company. (Round your answer to the nearest tenth)
A/ times
If the turnover rate is below the industry average of 5.2 times, calculate the target average inventory needed to match the industry standard
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