Computing and Evaluating Inventory Turnover for Two Companies PriceSmart and Nordstrom report the following information in their respective 10-K reports relating to their two most recent fiscal years.

	PriceSmart ($ thousands)				Nordstrom ($ millions)
	Sales	Cost of Goods Sold	Inventories		Sales	Cost of Goods Sold	Inventories
2018	$3,053,754	$2,610,111	$321,025		$15,480	$10,155	$1,978
2017	2,910,062	2,487,146	310,946		15,137	9,890	2,027

Compute the 2018 inventory turnover for each of these two retailers. Round answers to one decimal place.

Inventory turnover rate
PriceSmart	Answer
Nordstrom	Answer