Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit.
Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created.
The average inventory levels are $1,152,000 and $2,725,000, respectively.
In addition, finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million.
The inventory turnover that Henderson Corporation is currently expecting is: (Please show formula not excel)