Last year, an online retailer of tennis equipment carried an average inventory of $8,000,000. The retailer reported sales revenue of $30,000,000 last year with a cost of goods sold of $18,000,000. Use this information to calculate the inventory turnover for the retailer last year.

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Item Part No 142-AZ 4392-GF 86935-ES 173-DC 999-BA 7846-NM 2765-OP 103-VX 2648-YI Item Cost S546.00 S45.00 $15.35 S653.00 $199.00 S23.00 $385.00 S12.50 $16.75 Quantity in Stock 318 1250 3546 1876 526 973 790 4875 5185 3