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

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

2016 2015
Net Sales Revenue $ 9,900 $ 9,400
Cost of Goods Sold 6,640 6,240
Beginning Inventory 1,900 1,200
Ending Inventory 2,300 1,900
  1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. TIP: Remember to use costs in both the numerator (CGS) and denominator (average inventory). (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
2016 2015
Inventory Turnover Ratio times per year times per year
Days to Sell days days

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