Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of $3,948,340 and a gross margin of $1,859,260. Delater had beginning inventory of $53,420 and ending inventory of $62,640. Required: Assume 365 days per year. 1. Calculate the average inventory. $ Calculate the inventory turnover ratio. Round to nearest whole number. times Calculate the inventory turnover in days. Round to one decimal place. days