Lewis Incorporated and Clark Enterprises report the following amounts for the year.

Calculate total cost of goods:

Lewis Clark $.JXX) s:a1X)() $23,000 49.000 Inventory (beginning) Inventory (encling) 246,000 225,600 59,000 Purchase returns Cost of goods sold 2. Calculate the inventory turnover ratio for each company. Inventory Turnover Ratio imes Clark imes 3. Calculate the average days in inventory for each company. (Round your intermediate calculations to 1 decimal place.) Average Days in Invent ory Lewis Clark 4.Which company appears to be managing its inventory more efficiently? corporate O Clark Enterprises