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Inventory Turnover for Earthmoving Corp. The following amounts are available from the 2015 finandial statements in the Form 10-K for Earthmoving Corp, Inc, the fashion

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Inventory Turnover for Earthmoving Corp. The following amounts are available from the 2015 finandial statements in the Form 10-K for Earthmoving Corp, Inc, the fashion retailer. (All amounts are in millions of dollars and January 30, 2016, is the end of the company's 2015 fiscal year.) Cost of sales and related buying and occupancy costs Merchandise inventories, January 30, 2016 Merchandise inventories, January 31, 2015 Required $8,109 897 818 1. Compute Earthmoving Corp. 's inventory turnover ratio for 2015. If required, do not round intermediate calculations and round your final a desimal places. Use rounded answer in the subsequent calculations times 2. What is the average length of time it takes to sell an item of inventory? Assume a 360-day year When required, round your answer to the ne number days 3. What additional information would help Earthmoving Corp. determine whether the time it takes it to sell inventory on average is reasonable

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