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: 18 Units @ $15 = $270

Beginning Inventory at LIFO: 18 Units @ $11 = $198

Transactions

Units Unit Cost Total Cost

Purchase, January 9 27 $ 13 $ 351

Purchase, January 20 55 18 990

Sale, January 21 (at $42 per unit) 37

Sale, January 27 (at $43 per unit) 29

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.)