The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had a cost of goods sold last year of 10.5 million;...

The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had a cost of goods sold last year of 10.5 million; its average inventory was 1.0 million. What was Organic Grocers inventory turnover, and how does that performance compare with that of the industry?