The current year income statement of a company reported net sales of $8 million, cost of goods sold of $5.1 million, and net income of $815,000. The following table shows the company's comparative balance sheets for the current year and the previous year: Required: 1. Calculate the company's turnover ratios for the current year. Note: Use 365 days a year. Round your answers to 2 decimal places. The current year income statement of a company reported net sales of $8 million, cost of goods sold of $5.1 million, and net income of $815,000. The following table shows the company's comparative balance sheets for the current year and the previous year: Required: 1. Calculate the company's turnover ratios for the current year. Note: Use 365 days a year. Round your answers to 2 decimal places