The cost of goods sold computations for Grouper Company and Monty Company are as follows. Grouper...

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The cost of goods sold computations for Grouper Company and Monty Company are as follows. Grouper Company Monty Company Beginning inventory $50,000 $71,000 Cost of goods purchased 194,500 292,945 Cost of goods available for sale 244,500 363,945 Ending inventory 55,655 73,500 Cost of goods sold $188,845 $290,445 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Grouper Company Inventory turnover Monty Company The cost of goods sold computations for Grouper Company and Monty Company are as follows. Grouper Company Monty Company Beginning inventory $50,000 $71,000 Cost of goods purchased 194,500 292,945 Cost of goods available for sale 244,500 363,945 Ending inventory 55,655 73,500 Cost of goods sold $188,845 $290,445 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Grouper Company Inventory turnover Monty Company