CP7-3 Calculating and Interpreting the Inventory Turnover Ratio and Days to Sell [LO 7-5]

GameWorld Corp. is the worlds largest multichannel video game retailer. The company reported the following amounts in its financial statements (in millions).

	2013			2012
Net Sales Revenue	$	14,400		$	13,900
Cost of Goods Sold		8,440			8,040
Beginning Inventory		2,350			1,650
Ending Inventory		2,750			2,350

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).