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

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The following data were taken from Bowman Inc.
2014 Cost of Merchandise Sold $894,000 Inventory, end of year 78,000 Inventory, beginning of the year 92,000\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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