1. The 2016 financial statements of CVS Health Corporation reported the following information (in millions): Net sales Cost of sales Inventories, net 2016 $177,526 148,669 14,760 2015 $153,290 126,762 14,001 The inventory turnover ratio for 2016 is: A) 9.22 B) 11.48 C) 9.33 D) 10.34 E) None of the above 2. For which of the following products would job order costing be least likely to be used? A) Residential building B) Textbook printing C) Mortgage loan processing D) Newsprint paper Manufacturing E) None of the above