Inventory Analysis Admiral Company and Corporal, Inc., compete with each other in the personal computer market. Admiral's primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Admiral will build and deliver a computer within four days of a customer entering an order on a Web page. Corporal, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received. Below is selected financial information for both companies from a recent year's financial statements (in millions): Sales Inventory, beginning of period Cost of goods sold Inventory, end of period Admiral Company $56,940 1,239 47,450 1,439 Corporal, Inc. $73,500 6,093 69,350 7,093 a. Determine for both companies (1) the inventory turnover and (2) the number of days: sales in inventory. Round to one decimal place. Admiral 1. Inventory turnover 2. Number of days' sales in inventory h. All of the fallawina are true of Admiral's strateav / Select days days This strategy results in a higher inventory turnover ratio than the strategy used by Corporal. This strategy results in a smaller number of days' sales in inventory than the strategy used by Corporal. This strategy embraces the ability to serve customers with newer technology than the Corporal strategy This strategy results in greater obsolescence risk than that used by Corporal Check My Work (3 remaining)