GameStop Corporation is a multichannel video game and consumer electronics retailer. The company reported the following amounts (in millions) in its annual financial statements at the end of January Net Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2018 $ 8,290 5,980 1,250 1,250 2017 $ 8,550 6,060 1,120 1,250 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory). 2. At Best Buy, Inventory turned over 6.2 times during 2018 (58.9 days to sell), Are the Best Buy inventory managers more effective or less effective than those at GameStop? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. TIP: In both the numerator (CGS) and denominator (average inventory), use costs (not selling prices). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2018 2017 Inventory Turnover Ratio times per year times per year Days to Sell days days Required Required 2 >