Inventory Management The following financial information is taken from the annual report of Intel Corporation: (amounts in millions) 2018 2017 Net revenue $70,848 $62,761 Cost of goods sold 27,111 23,608 Ending inventories 7,253 6,983 Using the above data, calculate the company's inventory turnover, inventory-on-hand period, and gross profit percentage for 2018 and 2017 Round all answers to nearest one decimal place. 2018 2017 Inventory turnover Inventory-on-hand period 0 Gross profit percentage 096 0 0 0 096 Is the company's inventory management improving? Intel uses FIFO to value its inventory. Would these ratios look better if the company used LIFO instead