calculate the inventory turnover and days in inventory

calculate the current ratio based on inventory as reported using LIFO

calculate the current ratio after adjusting for the LIFO reserve

Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning inventory Ending inventory LIFO reserve Current assets Current liabilities Cost of goods sold Sales revenue $15,279 14,409 1.366 64,202 68,300 157,346 163,412 (a) Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, eg. 5.1) The inventory turnover times Days in inventory days