Zane Corporation has an inventory conversion period of 86 days, an average collection period of 33 days, and a payables deferral period of 38 days. Assume 365 days in year for your calculations.

Length of the cash conversion cycle = 81 days

Zane's annual sales are $3,457,635 and all sales are on credit.

The investment in accounts receivable is $312,608.09

How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.