Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of $4,343,174 and a gross margin of $1,520,111. Delater had beginning inventory of $64,104 and ending inventory of $59,508. Required: Assume 365 days per year. 1. Calculate the average inventory. If required, round your answer to nearest whole dollar 61,806 2. Calculate the inventory turnover ratio. Round to one decimal place. X times 3. Calculate the inventory turnover in days. Round to one decimal place days