3.)

Danube.com reported the following amounts in its financial statements (in millions):

	2012			2011
Net Sales	$	66,000		$	53,000
Cost of Goods Sold		51,000			43,500
Beginning Inventory		5,500			3,700
Ending Inventory		6,200			5,500

Required:

1.

Determine the inventory turnover ratio and average days to sell inventory for 2012 and 2011. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)

	2012		2011
Inventory Turnover Ratio
Days to Sell