Lewis Incorporated and Clark Enterprises report the following amounts for the year. Required: 1. Calculate cost of goods sold for each company. 2. Calculate the inventory turnover ratio for each company. 3. Calculate the average days in inventory for each company. 4. Which company appears to be managing its inventory more efficiently? Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|} \hline Beginning inventory & Lewis \\ \hline & Cost of goods available for sale \\ \hline & & \\ \hline & \\ \hline \end{tabular} Rectured 1 Required 2 Calculate the inventory turnover ratio for each company. Calculate the average days in inventory for each company. Which company appears to be managing its inventory more efficiently