Please help to solve and explain this question if possible. Thank you.

Exercise 6-15 a1,a2, b (Part Level Submission) The cost of goods sold computations for Ivanhoe Company and Concord Company are shown below. Nanhoe Concord Company Company Beginning inventory $ 41,000 $ 72,000 Cost of goods purchased 438,800 175,500 Cost of goods available for sale 479,800 247,500 Ending inventory 71,000 70,000 Cost of goods sold $403,800 $177,500 7 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Ivanhoe Company Concord Company Inventory turnover