The Following Data Were Taken from Bowman Inc Determine the Inventory Turnover Ratio and the Number of Days

The following data were taken from Bowman Inc.
$\begin{array}{lc}&{2014}\\\text { Cost of Merchandise Sold } &{\$ 894,000} \\\text { Inventory, end of year } & 78,000 \\\text { Inventory, beginning of the year } & 92,000\end{array}$ Determine the inventory turnover ratio and the number of days' sales in inventory for Bowman Inc. Round to two decimal places.

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Inventory turnover = Cost of merchandise...

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