Selected financial statement data from Western Colorado Stores is shown below.

	2021			2020
Net sales	$	775,000		$	795,000
Cost of goods sold		620,000			640,000
Operating expenses		111,000			91,000
Inventory		111,000			89,000

Required:

1. Compute the gross profit ratio for 2021. (Round your "Percentage" answer to two decimal places (i.e., 0.1234 should be entered as 12.34).) 2. Compute the inventory turnover ratio for 2021. (Round your answer to two decimal places.)