Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Belt Company had net sales of $2,670,600,000 and cost of goods sold of $1,324,172,500. Belt had the following balances: January 1 $335,000,000 Inventories Required: Assume 365 days per year. 1. Calculate the average inventory. December 31 $350,000,000 2. Calculate the inventory turnover ratio. Round to two decimal places. times 3. Calculate the inventory turnover in days. Round to two decimal places. days