Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 $426,000 Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 63,000 330,000 393,000 97,000 296,000 $130,000 Thompson's 2021 Inventory turnover ratio is: (Round your answer to two decimal places.)