5:36 1 x Chapter 7, Question 1 Homework. Due on Mar 25, 12:00 PM Chapter 7, Question 1 @ Chapter 7, Question 1 Unanswered The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory for the year is $62,000. What is their inventory turnover? (round number to one decimal place, ex:xx.x). Type your response Submit 0/1 answered iii 5:37 LTE Chapter 7 Question 2 Homework. Due on Mar 25, 12:00 PM Chapter 7, Question 2 Chapter 7, Question 2 Unanswered Given the following information, what is the annual inventory turnover ratio? (round to one decimal place, ex: xx.x). Type your response Revenue Cost of Revenue Quarter 1 Ending Inventory Quarter 2 Ending Inventory Quarter 3 Ending Inventory Quarter 4 Ending Inventory $2,2000,000 $1,250,000 $85,000 $98,000 $125,000 $68,000 Submit 0/1 answered