In a recent annual report, Sheridan Inc. reported beginning inventory of $$1,400$ million and ending inventory of $$1,300$ million, cost of goods sold of $$12,150$ million, and net sales of $$11,200$ million.

$($a$1)$

$$ Your answer is correct.

Compute Sheridan's inventory turnover. $($Round answer to $2$ decimal places, e$.$g$.7\mathrm{.}62.)$

Inventory turnover times

eTextbook and Media

Attempts: $1$ of $4$ used

$($a$2)$

Compute Sheridan's average days to sell inventory. $($Round answer to $1$ decimal place, e$.$g$.7\mathrm{.}6.)$

Average days to sell inventory

days