CP7-3 Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell GameStop Corp. is the world's largest multichannel video game retailer. The company repo the following amounts in its financial statements (in millions). Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2000 $8,900 6,240 1,100 1,200 2012 $9,550 6,870 1,250 1,100 Required: 1. Deurmi he inventory urnour ratio and avcenge day to ell inrerfor013 .2012 Round your answers to one decimal place. TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory). 2. Comment on any changes in these measures, and compare the effectiveness of inventory managers at GameStop with Best Buy, where inventory turned over 5.6 times during 2013 (65 days to sell)