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The financial data of a firm during the past year is as follows: (all values are in millions of dollars) Gross income: 18.6 Total sales:

The financial data of a firm during the past year is as follows: (all values are in millions of dollars)

Gross income: 18.6

Total sales: 13.3

Total credit sales: 7.4

Net income: 5.1

Cost of goods sold: 6.5

Total assets: 12.6

Average inventory: 2.9

Average receivables: 3

Compute the inventory turnover ratio.

(Provide 2 decimal digits)

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