Extracts 2019 2018 $m Sm Income Statement Sales 1,500 1,200 Cos 945 695 GP 555 505 Balance Sheet Inventory 290 255 A Multinational Company is measuring its global supply chain inventory efficiency and assessing the impact of different international accounting regulations. Because of a change to a LIFO policy, an adjustment amounting to 8% of the Sales figure for 2018 was made. This meant that the Cost of Sales was increased by this amount. Inventory was decreased by the same amount. This adjustment applies to both years Based on the figures provided above, which of these statements is/are correct? The Adjusted Inventory Turnover for 2019 was 5.4 Times, and was 5.0 Times for 2018. The Adjusted Inventory Holding Period for 2019 was 68 days, and was 73 days for 2018.