The records at the end of January of the current year for Young Company showed the following for a particular kind of merchandise: Beginning Inventory at FIFO: 19 Units @ $17 = $323 Beginning Inventory at LIFO: 19 Units @ $13 = $247 Transactions Units Unit Cost Total Cost Purchase, January 9 29 $ 15 $ 435 Purchase, January 20 52 20 1,040 Sale, January 21 (at $39 per unit) 37 Sale, January 27 (at $40 per unit) 26 Required: 1. Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods. (Do not round intermediate calculations and round your final answers to 2 decimal places.)