CP7-3 Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [LO 7-5] GameWorld Corp. is the world's largest multichannel video game retailer. The company reported the following amounts in its financial statements (in millions) 2013 2012 Net Sales Revenue $12,900 $12,400 7,840 7,440 2,200 1,500 2,600 2,200 Cost of Goods Sold Beginning Inventory Ending Inventory Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2013 and 2012. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory). 2013 times per year days 2012 times per year days Inventory Turnover Ratio Days to Sell