Inventory Analysis Admiral Company and Corporal, Inc., compete against each other in general merchandise retailing, gas stations, pharmacies, and optical centers. The following is selected financial information for both companies from a recent year's financial statements (in millions) Sales Cost of goods sold Inventory, beginning of period Inventory, end of period Admiral Company Corporal, Inc. $70,080 $89,000 58,400 83,950 608 6,032 608 7,032 a. Determine for both companies (1) the inventory turnover and (2) the days' sales in inventory. Round to one decimal place. 1. Inventory turnover Admiral 2. Days sales in inventory b. All of the following are true of Admiral's strategy except: 4 days Corporal days