Problem $28$: $(1$ point$)$

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced $3\mathrm{.}8$ turns last year, with an annual sales volume $($at cost$)$ of $$975,000.$ What was the average inventory value for this product last year? What would be the average inventory level if inventory turns could be increased to $6\mathrm{.}0?$