According to the information presented below, can you calculate the Inventory Turnover Ratio for Alternatives, INC?...

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According to the information presented below, can you calculate the Inventory Turnover Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $12,765,114 Receivables $3,717,311 Inventory $7,564,352 Total Current Assets $20,551,646 Total Non-Current Assets $12,080,592 Payables $2,549,938 Total Current Liabilities $11,190,054 Total Liabilities $14,820,441 Number of Shares Outstanding 1,107,432 Shareholders' Equity ??? Price per Share $100 Alternatives, INC Income Statement Extract Total Revenue $38,485,315 Cost of Goods Sold $21,042,890 Depreciation $705,684 Operating Expenses $16,437,079 Interest Expense Earnings before Interest and Taxes (EBIT) Net Income Payout Ratio $1,870,378 ??? ??? 32 According to the information presented below, can you calculate the Inventory Turnover Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $12,765,114 Receivables $3,717,311 Inventory $7,564,352 Total Current Assets $20,551,646 Total Non-Current Assets $12,080,592 Payables $2,549,938 Total Current Liabilities $11,190,054 Total Liabilities $14,820,441 Number of Shares Outstanding 1,107,432 Shareholders' Equity ??? Price per Share $100 Alternatives, INC Income Statement Extract Total Revenue $38,485,315 Cost of Goods Sold $21,042,890 Depreciation $705,684 Operating Expenses $16,437,079 Interest Expense Earnings before Interest and Taxes (EBIT) Net Income Payout Ratio $1,870,378 ??? ??? 32