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Early in 2017, Pina Colada Corp. switched to a just-in-time inventory system. Its sales and...

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Accounting

Early in 2017, Pina Colada Corp. switched to a just-in-time inventory system. Its sales and inventory amounts for 2016 and 2017 are shown below.

2016

2017

Sales revenue

 $3,279,060 $3,700,140

Cost of goods sold

 1,136,900 1,560,100

Beginning inventory

 169,910 222,030

Ending inventory

 222,030 94,730

Determine the inventory turnover for 2016 and 2017. (Round answers to 1 decimal place, e.g. 5.1.)

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