Inventory Analysis Rainbird and Menards compete with each other in selling car care products. Selected financial information for both companies from recent financial statements follows (in millions): \begin{tabular}{|l|r|r|r|} \hline & Rainbird & Menards \\ \hline Sales & $56,940 & $120,357 \\ \hline Cost of goods sold & 44,754 & 92,385 \\ \hline Inventory, beginning of period & 1,382 & 6,317 \\ \hline Inventory, end of period & 1,404 & 7,490 \\ \hline \end{tabular} a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round your calculations and answers to one decimal place. Assume 365 days a year. 1. Inventory turnover 2. Number of days' sales in inventory \begin{tabular}{|l|l} Rainbird \\ \hline & \\ \hline & days \end{tabular} Menards Solvency/Profitability The balance sheet for Rainbird Car Wash Company at the end of the current fiscal year indicated the following: Bonds payable, 8% $5,000,000 Preferred $4 stock, $50 par Common stock, $10 par a. Earnings per share on common stock b. Price-earnings ratio c. Dividends per share of common stock \begin{tabular}{|l|} \hline \\ \hline \\ \hline \end{tabular} Write a 350-500 word APA formatted paper explaining the analysis completed and what the values mean. Use at least three credible sources to support your statements