Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 Sales Cost of goods sold: $439,000 Inventory, January 1 71,000 Net purchases 336,000 Goods available for sale 407,000 Inventory, December 31 90,000 Cost of goods sold 317,000 Gross profit $122,000 Thompson's 2021 inventory turnover ratio is: (Round your answer to two decimal places.)