Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Belt Company had net sales of $2,448,050,000 and cost of goods sold of $1,479,957,500. Belt had the following balances: Required: Assume 365 days per year. 1. Calculate the average inventory. $ 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