Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of $4,738,008 and a gross margin of $3,079,705. Delater had beginning inventory of $64,104 and ending inventory of $53,244. Required: Assume 365 days per year. 1. Calculate the average inventory. If required, round your answer to nearest whole dollar. $ 2. Calculate the inventory turnover ratio. Round to one decimal place. times 3. Calculate the inventory turnover in days. Round to one decimal place. days