The records at the end of January 2012 for Captain Company showed the following for a particular kind of merchandise: Inventory, December 31, 2011, at FIFO: 15 Units @ $18 = $270 Inventory, December 31, 2011, at LIFO: 15 Units @ $14 = $210 Unit Cost $ 16 Transactions Purchase, January 9, 2012 Purchase, January 20, 2012 Sale, January 21, 2012 (at $42 per unit) Sale, January 27, 2012 (at $43 per unit) Total Cost $432 1,155 Required: 1. Compute the inventory turnover ratio under the FIFO and LIFO inventory costing methods. (Do not round intermediate calculations and round your final answers to 2 decimal places.) FIFO Inventory turnover ratio LIFO Inventory turnover ratio