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7 of 11 - /6 = Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for
7 of 11 - /6 = Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory $ 13,000 Ending inventory 15,000 Current assets 62,608 Current liabilities 72,800 Cost of goods sold 172.200 Sales revenue 185,120 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 52.7.) Inventory Turnover Days in Inventory
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