Missoula Inc. reported the following selected financial statement data:

	Dec 31, 2017				Dec 31, 2018
Cash	$	40,000			$	47,000
Accounts receivable (net)		58,000				72,000
Inventory		78,000				82,000
Plant assets (net)		220,000				238,000
Total assets		425,000				405,000
Liabilities		155,000				155,000
Shareholders' equity		280,000				260,000
Net sales		350,000				520,000
Cost of goods sold		400,000				480,000
Net income		30,000				45,000

Required: Compute the inventory turnover ratio for 2018.