10/27pt2

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PA7-3 Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell LO 7-5 Sonos, Inc., was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): Sonos, Inc. Koss Corporation Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. Round to one decimal place. 2. Comment on any changes in these measures and compare the effectiveness of inventory managers at Sonos to inventory managers at Koss Corporation, where inventory turns over 2.3 times per year ( 158.7 days to sell)