Zocco Corporation has an inventory conversion period of 87 days, an average collection period of 27 days, and a payables deferral period of 47 days. Assume 365 days in year for your calculations.

If Zocco's annual sales are $2,882,280 and all sales are on credit, what is the investment in accounts receivable? $213209.75

How many times per year does Zocco turn over its inventory? Assume that cost of goods sold is 75% of sales. Round your answer to two decimal places. _________ times (I calculated and got 4.19 or 4.20, both are wrong)