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Harman International Industries is a world-leading producer of loudspeakers and other electronics products, which are sold under brand names like JBL, Infinity, and Harman/Kardon. The

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Harman International Industries is a world-leading producer of loudspeakers and other electronics products, which are sold under brand names like JBL, Infinity, and Harman/Kardon. The company reported the following amounts in its financial statements (in millions): 2016 Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory $6,918 4,820 695 705 2015 $6,155 4,340 665 695 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2015 Inventory Turnover Ratio Days to Sell 2016 times per year days times per year days

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