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: 17 Units @ $20 = $340 Beginning Inventory at LIFO: 17 Units @ $16 = $272 Transactions Units Unit Cost Total Cost Purchase, January 9 25 $ 18 $ 450 Purchase, January 20 55 23 1,265 Sale, January 21 (at $40 per unit) 36 Sale, January 27 (at $41 per unit) 30 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.)