Using the data from #7, please do the three journal entries from Problem #5, but using the periodic method. please I am STUCK. #5 Inventory Turnover Ratio, as well as the Days Sales in Inventory Ratio. Facts: Beginning Inventory $450,000; Gross Profit $570,000; Ending Inventory $575,000; Net Sales $850,000. 7. Your company uses the perpetual method. Your company purchased 500 items of inventory for $145,000 with the terms of 2/EOM, n/45 on 1/19/19. #7. Continued. Your company returned $30,000 of faulty inventory on 1/28/19. Your company paid for the inventory on 1/31/19. 8.